Paras of Wingify shares some really useful lessons around early success and how it often leads to complacency.
what’s clear to me is that had I known that there’s a world where companies could grow faster than 75% year on year growth, I’m sure as a 25 year old first time entrepreneur I would have done a few things differently (although most likely raising funding wouldn’t have been one of them).
What would I have done differently? I would have spent more effort and money in building a brand, brought in focus through strategy process, approached product from switching costs perspective, set ambitious goals for the company… but I’m jumping ahead of myself. (via)
@indus once shared a very interesting perspective on bootstrapping vs. growth. Here is an important excerpt from his piece.
Yes, you have bootstrapped your startup to $10 million. Nobody could take that moniker away when a journalist writes your bio, but this is not about you anymore, It’s about the employees whom you have hired and their future bank balances, it’s about the hacker who has shunned his six-figure campus placement to do his own thing. It’s about this nascent ecosystem which is looking at you to build the next billion dollar global web business out of India.