Contrary to popular belief, there are no clouds of money that float around Silicon Valley and rain on anyone that utters the phrase, "I'm a founder!" Unfortunately, starting a company and raising money is just as hard as ever; it's just that the investors don't have as much leverage as they used to, but they still…
Kagi has successfully raised $670K in a SAFE note investment round, marking our first external fundraise to date. This was made possible with the participation of 42 accredited investors, most of whom are actual Kagi users....
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Learn how liquidation preferences and drag-along rights can leave startup founders with zero payout—even in a half-billion dollar exit
Here's a brain dump of the things we've learned while running our business and shipping our first product ( Basis ). My experience at Valv...
We got rejected from YC S19. Read on to learn more about this canon event and how it drove us to create an impromptu plan to get our first paying users.
LLCs are the entity of choice for many small teams, side projects, and bootstrapped businesses.
Link to: http://www.businessinsider.com/exclusive-bill-nguyen-qa-2011-3
In the summer of 2018, Qi Lu joined [https://blog.ycombinator.com/yc-china-qi-lu/] Y Combinator to help create YC China, a localized version of our U.S. program. As we worked to establish YC China, we had a change in leadership [https://blog.ycombinator.com/geoff-ralston-for-president/]. With this, our strategy…
We operate a platform called Bookface for YC founders to connect with each other, ask questions, find intros, and share advice. Recently on Bookface Zach Dixon [https://twitter.com/zachdixongg], cofounder of the gaming company Players’ Lounge [https://playerslounge.co/] (W18), asked a great question: 1. What are some…
A couple years ago, a good friend of mine, who was in charge of operations at a food delivery company, got laid off after a merger - they kept the guy from the other side.
What happens to a company when a visionary CEO is gone? Most often innovation dies and the company coasts for years on momentum and its brand. Rarely does it regain its former glory. Here’s why. Mi…
I spent some time recently thinking about what companies that grow up to be extremely successful do when they are very young. I came up with the following list. It’s from personal experience and...
〰️ it’s weird to look back; I sometimes get confused on how I got here 〰️ Most folks dream of being an entrepreneur; “a path that seemed inevitable“, they say. None of that shit applies to me. I’m only here cause I kept getting laid off and that nonsense infuriated me. I treated my first ... Read more
The Open Sourced competitor to Slack
Forty percent of workers are considering quitting. Management that opts for empty arguments to force people back in-office will bleed talent to their competition.
October 2008 The economic situation is apparently so grim that some experts fear we may be in for a stretch as bad as the mid seventies. When Microsoft and Apple were founded. As those examples suggest, a recession may not be such a bad time to start a startup. I'm not claiming it's a particularly good time either…
My reflections on raising money for Skald Labs
Recently I came across one of the first pitch letters I sent to journalists about Y Combinator. It was from the first few months of YC’s existence and it’s a snapshot of what our thinking was way...
This year Thinkst Canary crossed the line to $11M in ARR. That number is reasonably significant in the startup world, where Lemkin refers to it as “initial scale”. For us; it’s a happy reminder of Canary's spread into the market. $11M ARR certainly isn’t our end goal, but it provides the fuel for us to…
The Characters you loved as a child, all grown up and working in San Francisco
