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RE: [newtech-1] Web Development Recommendations

From: Dean C.
Sent on: Monday, September 13, 2010 1:52 PM

Sure but Fred Wilson isn't throwing money into these pre funded alpha startups to get them to the stage that they can afford to bring in a team of 6-10 people to do development.


I'm in a lucky position that I make enough money from other areas that I can pay for a UI/graphic designer and my co-founder doing the software development has a full time business that allows him to spend 20 hours a week on Live Chat Concepts.


If someone wants to invest 1-2m+ into the company for 10% then sure I can bring on a team to speed development, until then I'm more than happy to pay as we go and develop within a budget that’s appropriate.


Speed to market is one thing - making a ROI is also important.



Dean Collins
LiveChatConcepts inc
[address removed]



-----Original Message-----

> From: [address removed] [mailto:[address removed]] On Behalf Of

> Jonathan Vanasco

> Sent: Monday, 13 September[masked]:36 PM

> To: [address removed]

> Subject: Re: [newtech-1] Web Development Recommendations



> On Sep 13, 2010, at 10:03 AM, Andy wrote:


> > Fairly relevant though not a deep-dive opinion from Fred Wilson:

> >

> >


> Thanks Andy!


> I love this line, from Fred Wilson :



>          Specifically, I think it is always a bad thing for the founding team

> of a software company to outsource software development. We see this a

> lot. A team will come into our office and pitch us. When I ask how

> many people they have, they say "this is all of us". Then I say, "who

> is writing code?" And they say, "we've hired a company to do that for

> us." That is a very disappointing moment for me because it means we

> almost certainly won't invest in that team. We believe that software

> companies must own their most important capability themselves and that

> is the ability to produce their product in house.



> I echo that statement every week on this list - as it has been the

> status quo for ages - and people think they can challenge it.


> Perhaps now that Fred Wilson is saying the same stuff, people will

> listen.





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