"Nobody is an overnight success," says David Heinemeier Hansson, partner at 37signals and developer of the Web platform Ruby on Rails, during his lecture at the Stanford's Technology Venture Program.
Whenever a product or company suddenly seems to have popped up out of nowhere, it usually arrives out of 10 years worth of work. He points out that 37signals and Basecamp took just this length of time to become a success.
"Accelerated growth is a charade," Heinemeier Hansson further stresses. It takes time to develop a sustainable, profitable company.
In the heart of Heinemeier Hansson's statement is the choice (or the principle) of whether or not to turn to venture capital for accelerated growth, or to grow organically and fund through bootstrapping, family funds, Angel Investors, or other funding options.
I enjoyed this video from Stanford's Entrepreneurship Corner, and hope you will enjoy it, too.
As we are considering some ideas to further expand Office Divvy services with a formula to provide funding to tech startups in Palm Coast and Daytona Beach (and elsewhere in Flagler and Volusia County landscape) --i.e. Angel Investing, Startup Incubation Program etc.; I will make sure that our network of Angel Investors as well as those startup founders seeking funding and angel investment will be reminded of Heinemeier Hansson's thoughts.
posted by Ky Ekinci
Co-Founder, Office Divvy ™
Tuesday, April 27, 2010
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