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The Un-Silicon Valley Way to Make It as a Start-Up

Discussion in 'BlackHat Lounge' started by Floopa75, Oct 6, 2016.

  1. Floopa75

    Floopa75 Jr. VIP Jr. VIP

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    Interesting article I read. I've never been a fan of Silicon Valley's way of doing business personally.

    http://www.nytimes.com/2016/10/06/t...icon-valley-way-to-make-it-as-a-start-up.html

    Here's an excerpt:

    "Under the radar, slowly and steadily, and without ever taking a dime in outside funding or spending more than it earned, MailChimp has been building a behemoth. According to Ben Chestnut, MailChimp’s co-founder and chief executive, the company recorded $280 million in revenue in 2015 and is on track to top $400 million in 2016. MailChimp has always been profitable, Mr. Chestnut said, though he declined to divulge exact margins. The company — which has repeatedly turned down overtures from venture capitalists and is wholly owned by Mr. Chestnut and his co-founder, Dan Kurzius — now employs about 550 people, and by next year it will be close to 700.

    As a private company, MailChimp has long kept its business metrics secret, but Mr. Chestnut wants to publicize its numbers now to show the road less traveled: If you want to run a successful tech company, you don’t have to follow the path of “Silicon Valley.” You can simply start a business, run it to serve your customers, and forget about outside investors and growth at any cost."

    Some good inspiration for guys like me opening up a business that only focuses on serving customers the best and nothing else.
     
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  2. Capo Dei Capi

    Capo Dei Capi BANNED BANNED

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    Companies have been forming for hundreds of years without outside investors, silicon valley isn't only place in the world where companies are formed.
     
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  3. Sherbert Hoover

    Sherbert Hoover Jr. Executive VIP Jr. VIP

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    MailChimp is run out of two sprawling floors in the Ponce City Market, a massive complex in Atlanta’s Old Fourth Ward neighborhood that was originally built as a Sears Roebuck warehouse. “A lot of people think it’s cool and vintage, but it’s actually a neat reminder of disruption,” Mr. Chestnut said. “Sears used to be the biggest thing, and then it went away.”

    Good shit, OP.
     
  4. toml3030

    toml3030 Elite Member

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    I'm convinced that 20 years from now business schools will teach about how Sears had one of the 200 most visited websites in the world and a massive distribution network that Amazon had to build from scratch and they pissed it all away trying to become a real estate company.