295 karma · joined June 21, 2011
But that actually puts a lot of strange stresses on a company, because the need to find a exit for a multiply of the money they raised.
In this case, the company figured out how to monetize and attract users, but not retain them (a lot of churn). Now they are trying to build a stickier, more engaging product.
Confused.
There are more deals and more cash going to Internet startups than ever before. The lower valuations and struggling companies are a natural and healthy end result of the boom in early stage funding for social/local/mobile companies that took place during 2009-2010.
But he did lie to the guy from Ignighter. Later, he apologized.
This advice doesn't help most startups, who haven't raised big funding.
They had to bend over backwards for the carriers and manufacturers at first because they were the new kid on a very crowded block. but now they are the market leader and should use that leverage to demand a certain standard for Android units.