Plus it's fun to watch the agent click around and figure out how to do things.

Comments URL: https://news.ycombinator.com/item?id=47112488

Points: 5

# Comments: 1

Like it or hate it, there is a sea change happening in how governments treat cryptocurrency.

Tokens for a good project are liquid immediately on numerous exchanges, and likely will be worth at least something. Don't neglect the time value of money.

Comments URL: https://news.ycombinator.com/item?id=7846779

Points: 120

# Comments: 36

Comments URL: https://news.ycombinator.com/item?id=7426609

Points: 8

# Comments: 0

B. Do whatever it takes to get profitable in the next 60 days.

This is a possible game plan for option B.

1. If you're doing enterprise sales, your problem is likely as much about cash flow as it is revenue. Collect as much cash as you can now. Get customers paying monthly/quarterly to pay annually. Make big prospects an offer they can't refuse to prepay in advance.

2. Get revenue any way you can. Become a consulting company. Do things that don't scale. Sublet your office. Hold events at your office and sell tickets. Sell some Aeron chairs. Just get some more cash coming in.

3. Cut costs ruthlessly. With 2-3 months left, there is no way you should have 10-15 employees. Assume you have 3 months left to live. Do you really need all of them that badly? It will be tough and heartbreaking to let people go, but it's better to let half go with warning than to have everyone find out they're not getting paid a couple months down the line. Cut benefits immediately. Yes it will be tough and unfair, yes it will hurt morale, but you're at the end of the line. Do it. 3 months of runway with 15 people could become a year of runway with 3 people.

4. Mine your CRM and personal network for leads. Strip mine it for whatever value it has left. From now on, everyone on the team is spending at least 30% of their time on the phone with customers. Either you get some sales, or you get some great feedback about customer pain points and problems you can use for your next effort. Stop coding. This is one problem you won't be able to code your way out of.

5. Unless you have amazing revenue traction, forget about raising more money. The one thing VCs hate most is a rock that is rolling downhill. Fundraising will be a fatal distraction. Instead, go back to your bootstrapping roots and do whatever it takes to get profitable now. Exception: Your current investors may have some capital in reserve to support you. Ask them for it. If they don't re-up, your fundraising prospects are good as dead.

Feel free to shoot me an email with more specifics, happy to give other advice if you think it's useful: ilya [at] mixrank.com.

Comments URL: https://news.ycombinator.com/item?id=6803620

Points: 2

# Comments: 1

Rather than going somewhere because there are women there, go somewhere you would like to go regardless and don't worry about approaching anyone, just relax and have a good time. Everything is dependent on mindset and setting. You, the same exact person might be anxious and uncomfortable in a loud club, and at the same time you might be the most confident guy in the room at a cocktail party after a business conference...or vice versa. So go to places that play to your strengths.

i.e coffee shops are a terrible place to meet people. There's absolutely zero sexual energy and everyone there is just trying to get some work done.

If you're in the bay area, email me(email in my profile) and I'll show you exactly what I mean.