Feld Thoughts

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Don’t Forget To Bootstrap

Feld Thoughts

I love that my friend is much more focused on ramping up his customers than raising money. Don’t forget to bootstrap. It’s easy to get lost in the soup of “X company raised $Y” and forget that it’s not about fundraising, but building a business.

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Building An Autonomous and Virtual World: Softbank Teams With Mapbox

Feld Thoughts

When we led Eric’s first financing — a $10 million round and the first capital into the bootstrapped team — we believed mobile location and mapping would be big. In the years since, with massive customer launches like Snapchat and the Weather Channel, the horizontal scale of Mapbox’s platform is now much more obvious.

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We Will Never Need Another Financing

Feld Thoughts

There are also companies, like my first one (Feld Technologies) that bootstrapped and never raised any money. But I’m not talking about bootstrapped companies. ” When the number comes back over 100%, my next question is “Do your customers pay monthly or annually, up front or in arrears.”

Finance 70
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The Building Blocks for Location from Mapbox

Feld Thoughts

He then launched into a custom map design tool which Foursquare had just used to switch out Google Maps. ” Even better, Eric and team had been at it for several years bootstrapping development and had just decided to raise their first outside capital. He started with an algorithm that made clouds go away.

API 70
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Do More Faster in PE Hub

Feld Thoughts

We bootstrapped the business because we had to and by 1993, when we sold the company to a large public company, we’d built a nice, consistently profitable business. By trying more things in a short period of time, they can adopt their product better to the market and their customers. Yes, 10 dollars.)