Institute off-the-grid time: Reitano started having regular weekly dinners on Sunday night with a close group of five to six friends. “We shut off our phones. We don’t check our e-mail,” he said.
Last month, we closed $6M in funding (at an $80M valuation) from more than 100 customers and investors, using a link and no pitching. Here’s how it happened, step by step.
EZRA KLEIN: You’ve said that the world is, and I’m quoting you here, “The world is an existential hellscape with too many values and games offer a temporary relief from that.”
We leveraged the groundswell of support to close the round. By this point, we’d raised $2.3M without a single pitch meeting. It was a result of natural enthusiasm: taking care of the people who made us who we are, giving them the chance to move first, and letting their enthusiasm drive our leverage with VCs — who, by this point, got interested.
Let go of unnecessary detail and coordination. Is the project converging to a good enough outcome on a good enough timeline? Good enough! Perfection is impossibly expensive, especially when there's a big coordination headwind.
Your goal should be to welcome people into your product in a way that excites them to become lifelong customers. Excitement is achieved through a delightful onboarding experience.
Building relationships was, in parallel with hypothesis generation, the most important part of this phase. I got a strong response to my initial post, which I think was an unintentional effect of spending a lot of time trying to get to know open source developers beforehand. Once I started publishing, those conversations meant that there were a... See more