When you don't need to "maximize shareholder value", you can make "financially irresponsible" decisions like these just because it feels like the right thing to do.
We're donating 5% of our revenue starting last month. That's $842 in January alone!
We will take some time at some point this year to decide the environmental causes and open source projects we will donate to.
Bootstrapping a startup is tough.
I’m down $27k+ in savings since joining Plausible so please make decisions that work best for your financial situation.
My personal goal this year is to pay my bills and recover the lost savings 🤞
@wizzwizz4 yeah it's not easy if you have bills to pay.
getting funded can definitely help you make your project a success if you for instance don't have savings to live from...
in the short term i don't see many issues with funding, it's the long term that causes conflicts of interest in terms of what's best for the product/users and what's best for investors. these normally are opposite
@markosaric How do you get funding without a long-term commitment?
@wizzwizz4 perhaps go the old fashioned way and get a loan at a bank. don't think short term exists in venture funding
@markosaric @wizzwizz4 Your "local" bank isn't going to give you an unsecured loan for your tech startup.
That's what credit cards are for.
@markosaric Good luck Marko!
@tristan957 thanks Tristan!
@markosaric Hmm. And you're one of the successful ones. I see why venture capital exists, now. (Not that this minimises the terrible incentive problems that the whole VC system creates.)