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Creator of the graphs and author of the original post (here: https://medium.com/mattermark-daily/why-is-the-number-of-see...)

All the quarters from Q1 2005 through Q4 2014 were plotted. The axis labels do not show all of them due to space constraints. Apologies that this was confusing, I will make sure to add all the tick marks and labels in the future.

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I don't think you need all, I mean, there were space constraints. This is why a bar graph can be clearer than a line graph for discrete data though. They may be boring, but they are often effective at communication. :-) Oh and it's helpful to label both ends of the graph, from Q1 2005 to Q4 2014, then fill in what labels you can in the middle. If you'd picked random Qs or even just every year, perhaps to shade the backgrounds of each year, that might have made for a more understandable graph. Our fault for misunderstanding it in the first place, of course... This is also why some places link to tables of data used in the graph. You could click to view the table if you had any questions about what you're seeing in the graph. Stephen Few's an accessible read on this subject.

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Cool, this is great feedback. I'll check out Stephen Few's work too -- thanks for reading and caring!

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This is great for niche SaaS that can get recurring revenue going within 6 months but might have market size challenges that would make it difficult to get venture backing.

But if all you need to do that is $100K, there are a lot of ways to get that (like saving money for a couple years).

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Thank you.

After we announced the 2nd seed round the interest in us increased and we ended up raising more, and then when Brad Feld (at Foundry Group) offered to do the FG Angels syndicate on AngelList I figured "why not?" and I was curious to see the internal mechanics of doing one of those. So basically we raised because we've always be fans of "take money when you can".

By this point we had a ton of momentum in sales, had clarified our vision a ton in our month-long company retreat in August, and were not in a position of desperation for once. I felt like I should take heed of the old advice that "the best time to raise is when you don't need the money" so we did some analysis, had some coffees, and picked 6 firms to pitch. We committed to testing the market again.

This time, it worked.

This stuff is just messy.

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trolls gonna troll

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To be fair, you're probably becoming a worse employee every day :)

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[flagkilled]

what does that mean?

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It means that enough users flagged the comment to kill it. Killed comments are only displayed to users who have "showdead" turned on in their profile.

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(author of the post here) I agree, we don't see ourselves as searching for a business model anymore. We are scaling something that works now.

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If you can grow faster than by all means do! The 10-20% guidance you get in YC is not realistic as you get bigger, smart VCs are much more realistic about revenue growth (given it is recurring and you don't have to pay to acquire that revenue again each month).

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It is absolutely still taught -- it gives you control over your future which is very important. From my post:

"We’ve had two break even months. The first was by accident in October 2013 because we had an unexpected revenue spike. For a moment we felt what it would be like to completely control our own destiny. The second time was in February 2014, because low growth in December scared the living shit out of us and it didn’t look like our Series A was going to come together."

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I think people are just confused by your use of the word "burn". What is your fully loaded average cost per employee (total spend divided by headcount of 30 people)?

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About £2.8k - £3.2k/month - it has admittedly increased over the last six months, as we've had a few expensive hires, and have taken on more space in preparation for more growth.

As per elsewhere, we admittedly have abnormally low rent costs, and virtually no other costs outside of rent, people, power, and hardware.

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So £84k - £96k total spent per month right (assuming the 30 person team you said before) BEFORE you subtract revenue?

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Yes that is what he is been saying.

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Seems kind of like how many people wish they'd found their significant other, or their dream job, earlier in life. They would have found happiness and fulfillment sooner.

I started programming at 14 and I think it had a huge influence on my approach to problem solving and learning in general, so maybe some people also see that and wish they could have experienced that influence from a young age, too.

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I looked into the market trend question, and it looks like YC Series A is trending up significantly faster than the market as a whole.

Graph: https://twitter.com/DanielleMorrill/status/49357608066654208...

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