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Reminds me of this article. http://www.joelonsoftware.com/articles/fog0000000056.html http://www.joelonsoftware.com/articles/fog0000000056.html

• sayemm 14y ago
  Thanks, that was a great read. And therein lies the big risk-reward decision as an entrepreneur. I think that decision rests most heavily on whether you've got product-market fit or it's very clear to you that this is a land-grab opportunity, and you must move quickly. Either way, funding should always be looked at as a huge accelerator. Sometimes you could start off slowly, then once the model's figured out and growth necessitates it, pull out the big guns with lots of funding to scale up (e.g. Facebook, Github, Zynga), or you make a really high risk-reward bet from the get-go like Amazon did (then again, that was also during the 90s, and it was smart since it filled a huge hole and everyone was moving fast towards dominating the internet space). Very different environment today... I think we're going to see more and more Github scenarios in this recession. And a lot of bloodshed for startup founders trying the Amazon model today.