2,493 karma · joined April 2, 2008
Co-founder of Mux. Previously, co-founder of Zencoder. YC W16 and W10. SF.
1. an awesome salesperson. Tenacious, resourceful, ambitious, but also comfortable with learning, discovery, and building a model (rather than following a model).
2. a junior designer. Someone with HTML/CSS and design chops, to help expand and improve our web presence. Some work on our core product, plus work on several small micro-projects.
jon at zencoder.
Open source the software. Promote it via a technical blog, Hacker News, meetups, and conferences. Become a thought leader in the GIS space. Keep running your service for people who don't want to worry about installing/running the software themselves. "Open Source for free, SaaS for pay" is a very valid business model, especially when selling to developers. Think of companies like Twilio or Sendgrid; I could set up my own Asterisk or SMTP server, or I could pay a low metered fee to have someone take away the headaches for me.
If you don't care enough about GIS to blog and speak about it, close up shop.
I know people who work as consultants and make $10K-$25K in a month. To these people, the YC 'investment' is more of a deterrent. The main attraction would be to get wired into the network and tap into the experience YC and its alumni can offer. It would be good if you could clarify whether it makes sense for them to apply or not.
Pretty sure the official answer is that they wouldn't be interested in taking someone who could only work part-time. I'm sure there are edge cases here and there, and YC is all for creative ways to stay alive financially (AirBnB sold cereal to stay alive - http://money.cnn.com/galleries/2010/smallbusiness/1003/galle...), but the YC school of thought is that a startup should occupy 100% of your work-related effort.
Of course, plenty of us worked as consultants for $10K-$25K/month before YC (er, closer to $10K) in order to build up some savings to live on.
I'd also say that even the fundraising stuff isn't just about raising money. Having a smart angel investor give you feedback on your startup isn't just about raising money; it's also about building a product, a team, and a company.
Wow, that's cynical. "Freaking charities"?
If you'd ever met Chris Sacca, you'd know that this isn't true. He has just about the strongest reputation of any investor in SV, and doesn't need to lie awake at night worrying about what Ron Conway thinks of him.
Oh crap.
Really depends on the investor. Some angels explicitly want you to go Series A -> Series B -> $100M -> IPO. Others explicitly want to help founders start cool companies. Some are basically mini-VCs, and others are really founder-friendly. So it's just important for a startup to have the right angels, whichever direction you go.
Pros and cons, of course, but VC funding (especially when the VC gets to set the terms) is a world apart from angel funding.
(Vimeo explicitly forbids commercial content, or used to, but you could s/vimeo/another_provider).
That said, while their market share is certainly larger than 10/250,000, it probably doesn't even approach 10%. So you're probably right.
I don't think so. MIT or Stanford help a little (like 10% when raising money or looking for a job), but at the end of the day, the degree doesn't really matter. For some people, going to a state school or small college is the right path to take. For others, skipping school altogether is the right path. Go to college, or skip college, for other reasons.
One of the cons of contracting is can be really hard to divide your attention in a startup. If there is any possible way you can devote 100% of your attention to a startup, then by all means, do it. I'm 10x more productive when I put 100% of my time into a startup instead of 50%. 10x, not 2x. Just my experience.
On the other hand, contracting is a great backup plan. It kept Zencoder alive in the early days, and we still do some video-related consulting work to reduce our burn and compliment our encoding service.
There's no points for effort, only for execution.
Well said. Mind if I use that? :)
The headline is a little ambiguous; it is VideoJS that is relaunching (new version, new site), not Zencoder relaunching as VideoJS. :)
If you want to be comfortable, work hard and save and focus on promotions. If you want to be rich, go into finance. Startups aren't comfortable, and most of us don't get rich. If you're in it for the money, you're going to quit when things get tough - and they will get tough and stay tough for longer than you think.
Do it only if you can't imagine doing anything else.
Two easy ways to kill your startup:
1. Give up. No one has a smooth ride at 6 months. Everyone struggles for years, whether you see it from the outside or not.
2. Don't iterate quickly enough. Bitspace (great design, btw) might be the wrong product. Talk to customers and try different things. When something works, do more of it. When it fails, kill it.
(Typical advisor compensation is 0.1%-2%, depending on the stage and the value provided.)