I think stating explicitly that you will NOT take VC funding at any point in the future is important. Otherwise there is no confidence that your product will stick around
It's certainly our intention to make the platform work with relying on outside funding as little as possible. Ideally we will be able to get the platform to being profitable without needing much. The economics of our platform start to play out at scale, so it does take some money for us to get there. Ideally if we can land a few larger content creators with communities active in supporting them we will be able to fund a lot of that early development through that
Comments
I think stating explicitly that you will NOT take VC funding at any point in the future is important. Otherwise there is no confidence that your product will stick around
It's certainly our intention to make the platform work with relying on outside funding as little as possible. Ideally we will be able to get the platform to being profitable without needing much. The economics of our platform start to play out at scale, so it does take some money for us to get there. Ideally if we can land a few larger content creators with communities active in supporting them we will be able to fund a lot of that early development through that
I wish you luck. But I don't think this strategy is predictable.
Appreciate the discussion!