article thumbnail

How MakeSpace Recently Closed $30 million in New Funding

Both Sides of the Table

In the early days this is expensive because the logistics & warehouses are amortized over a small customer base but with scale this infrastructure and the technology that drives it becomes a powerful moat and hard for new entrants to compete. years of software development.

article thumbnail

Praying to the God of Valuation

Both Sides of the Table

There were startups and a software industry but barely. In those years I learned to properly build product, price products, sell products and serve customers. They wanted to build new products, solve problems that were unfilled by the last generation of software companies and grow revenue year-over-year while holding costs in check.

article thumbnail

VC Seed Funding is Dead, Long Live VC Seed Funding!

Both Sides of the Table

With open source software (LAMP stack) and cloud computing infrastructure it just wasn’t that expensive to get your company going and founders just wanted to raise less money. If a VC term sheet comes in they begin their due diligence process. The contra is also true. All of these are referenceable.