Boundary Conditions, Rain, and Startup Fragility
analogmantra.comI've been writing this post for a few weeks now, but the SVB collapse made me revisit it and get it posted.
Exploring the opposite: what do unfragile startups look like? I worked for one but the catch is it taking much longer, like decades, to grow to a unicorn, as it is run more like a business. Generally the growth is from reinvesting revenue not outside investors.
Yes exactly — a lean, bootstrapped startup is a much "safer" bet, but also has much more limited upside potential. There are still a few unicorns out there that took that path, or switched to being VC backed later in the game!
Good article. Reminds me of the old climbing mantra:
The best way to learn is through experience. Usually a very frightening one.
Haha very true — as a climber I relate 100%.
Nicely isomorphic to Musk's point on the affordability threshold - https://www.youtube.com/watch?v=BOTs6xdx278&feature=youtu.be
Interesting, will watch
timely!