You're brave - talking long term on HN! But so right, in my view.
One of the benefits of the long term view is that it forces you to address sustainability, so you focus on real revenue.
Our startup is now 6 years old. We decided early on that chasing funding meant focussing on the wrong thing, and that we would suck up the pain of little income and slower growth. Being able to focus on the product instead of investors was great, but that slower growth also turned out to be healthy. It meant a better relationship with our first customers, which lead to more useful feedback, a better product, and organic growth that this year will give me 4 times the best salary I ever earned before.
And it's still fun - as well as the financial compensation, we still control 100% of the company so we can do things our own way. We employed one of our support people in a city hit by a devastating earthquake; we carried an agent for a few months while she escaped an abusive marriage; we make a sizeable donation to a kids' charity in lieu of sending out Christmas cards.
One of the benefits of the long term view is that it forces you to address sustainability, so you focus on real revenue.
Our startup is now 6 years old. We decided early on that chasing funding meant focussing on the wrong thing, and that we would suck up the pain of little income and slower growth. Being able to focus on the product instead of investors was great, but that slower growth also turned out to be healthy. It meant a better relationship with our first customers, which lead to more useful feedback, a better product, and organic growth that this year will give me 4 times the best salary I ever earned before.
And it's still fun - as well as the financial compensation, we still control 100% of the company so we can do things our own way. We employed one of our support people in a city hit by a devastating earthquake; we carried an agent for a few months while she escaped an abusive marriage; we make a sizeable donation to a kids' charity in lieu of sending out Christmas cards.