From Fred Wilson's blog, I found the talk by Joel Spolsky, the founder and CEO of Stack Exchange. Spolsky talked about how FogCreek and Stack Exchange, two companies that he founded, were different in terms of their growth trajectory. FogCreek was founded on their own funding with organic growth strategy on existing market. Its strategy was to conserve cash, stay in business and release products that can find paying customers right away. Stack Exchange, although it was founded without outside money, went the other direction. It chose to get big fast using VC. Generating revenue was not the first priority. Instead it was going for land grab of building user base fast.
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| Highly recommend watching Joel Spolsky's talk. His main point begins at 13 mins into the talk. Source: http://startupschool.org/2012/spolsky/ |
