Fletcher: “People thought Bloglines had a lot of employees, when I was really the only full-time person up until 3 months before the acquisition (I don’t recommend that, btw. Too stressful)...Another reason to not go it alone, I think, is that in the case of an acquisition, the company is more valuable to the acquirer if there are at least a few employees (to avoid the hit by a bus syndrome, etc).”
Hedlund: “I think there’s hardly ever a bad time to start a good company that really helps people…In ‘bad times’ you have lower rents/salaries, and in ‘good times’ you can’t spend the easy money fast enough to get the stuff you really need.”
Fried: “The biggest mistake I see people making is raising their expectations too high too early by raising money. Obscurity is a very good thing when you are getting started.”
Fletcher: “Money is oxygen for startups, you never want to run out of it.”
Full transcript below.
[Fireside Chats are group chats conducted using Campfire.]