I Move You (YC S10) Is An Evite For Healthy Activities
techcrunch.com
techcrunch.com
So in reference to your question about whether they could actually exist as companies rather than hobbies without Ycomb and techcrunch, I'd say 1) it's a good thing they have those avenues to take a shot at succeeding with their idea and 2) i'd love to hear from other users what they view as some of the other top blogs and incubators that can make or break a young startup at an early stage.
PS the first thing i thought when i read about this idea is that i'd love to find a local activity with my wife as we've just had our first child and need to drop some ice cream related pounds :)
Actually I'm pretty sure PG hates me (jk). As a female, non-tech biz/dev founder, I don't fit the typical YC mold.
Andrey (my cofounder) is the amazing developer behind the entire product, and before we accepted YC money we bootstrapped the company for 6 months. I'd bootstrapped the company as an LLC for a year before that.
As our rate of growth started to accelerate, and we had more opportunities for revenue-generating deals (phenomenal as a 2 person team) we saw YC as the perfect opportunity to expand more quickly.
Could we do Contagion successfully as a bootstrapped firm? Sure. But we were also in a unique position to go after a larger opportunity.
We analyzed the 37signals approach, weighed the risks, benefits, and resources at hand, and decided to go with YC, a TechCrunch launch, and raising a seed round.
As for those ice cream related pounds, Andrey and I would be happy to help you move them off :).
No worries, we don't view this as belittling. I actually bootstrapped the company for a year, did the go into debt thing, give up possessions etc. before my cofounder Andrey joined up.
We also closed our first revenue deal at 600 users, pre YCombinator.
We discussed the benefits of YC in great detail before applying, and again before accepting the invite. In between, I met with 10 of the YC alum founders to learn what value they extracted from/redistributed into the program.
We went through a similar values clarification session before we accepted angel/seed money. The funding we've taken to date is convertible debt and will allow us to grow at a faster rate than a smaller, bootstrapped, 2 person 'lifestyle' business.
Pre TC launch, we were growing at a steady rate month/month with no effort/cost to acquire users, but we decided we'd like to catalyze the company with the adrenaline shot you mention.
As you said, the network effect is very challenging to generate with bootstrapped resources. When we saw the opportunity to grow at a faster rate, we went for it, and it's been a great ride so far.
I think the question the above poster was asking is:
If I Move You was being bootstrapped, would it be major-blog news-worthy?
I'm not here to answer that question though ;) what's deemed as "news-worthy" jumps violently up and down on any given day in the tech blog world...
(zing)
We actually had some 'major-blog news-worthy' coverage pre YCombinator, pre TechCrunch, and pre name change, while we were bootstrapped.
Here's a piece in the Huffington Post by Esther Dyson (5 months BEFORE she invested in us): http://www.huffingtonpost.com/esther-dyson/health-not-health...
The first, prototypical YC TechCrunch launch article doesn't always tell the whole story behind a company's history and founding (in our case there wouldn't be room ;).
So, I want to encourage you to start building that network now that will become your 'previous exposure or network' by fostering genuine relationships with people you want to meet and even your current competition.
They have just launched. They haven't had any news, good or bad yet. PR and 20k is nothing. You could get that streaking a football game on national TV and selling some of your stuff. If you think media attention is worth something, you don't know anybody who has been famous and broke.
Let these people perform on their own merit before you write them off so callously.
Our next step is to build in sensors like Nike+ and do verified activities, which should be pretty cool but hardly trendy/hipster.
We're working on a method to get rewards after a verified challenge has been completed - that will launch later this fall.
If you have a specific activity/prize you'd like to see, please let us know. I'll do my best to close a deal for you :).
Actually, neither Andrey (my cofounder) nor I (Jen) graduated from any of those schools.
I am an English major (with a minor in Women, Gender, and Sexuality Studies of all things), and Andrey graduated with a CS degree from UToronto (he's Canadian, eh).
We started by bootstrapping the company for 6 months.
You bring up an interesting point about our current reliance on Facebook and Twitter.
We recently added email functionality to help with that, but if you've got ideas about how we might improve we'd love to hear them.
We're examining each device.
As I mention in another thread, we're working on building in Nike+ and other sensors so you can actually verify you did something. That's our next big step.
2/ think of all the health pb in general. Huge. Now isn't it important for insurance companies or the government to get more healthy behaviors from us? The possibilities are numerous. And nobody has nailed this yet.
Therefore I agree it is interesting to see how they'll be reinventing themselves along the way.
Instead of providing CPMS, we sold to Cabot based on a "CPA" model (clicks per activity).
We saw early that this pseudo-ad model would provide us with a nice small chunk of change, but would be mostly a biz-dev company and challenging to scale.
As a result, we're pivoting and moving towards a CPA2 model, where CPA = completions per action (this is where verifying the user has completed an action becomes vital).
Update: Should be fixed now. Give it a try?