> Netlify’s co-founder Chris Bach says they weren’t looking for new funding, but felt with the company growing rapidly, it would be prudent to take the money to help continue that growth.
Never understood this. Is there an example of a company that took funding "just in case" and it was worth it?
I love Netlify (my business currently depends on it), but I'm getting the idea they are feeling the pressure of "We got something big we have to make it as big as possible", which is not inherently bad but in Netlify's case could easily take the product in the wrong way.
Their focus on enterprises especially worries me, as their current feature set works amazingly for "indie hackers" and small businesses.
Its smart to raise money when money is cheap (right before a recession), especially if your business is particularly dependent on business from other startups. The startups-serving-startups ecosystem is incredibly fragile to downturns.
If you don't need the money you're in a much stronger negotiating position and can get better deals vs being forced to raise and the investors having the upper hand.
Never understood this. Is there an example of a company that took funding "just in case" and it was worth it?
I love Netlify (my business currently depends on it), but I'm getting the idea they are feeling the pressure of "We got something big we have to make it as big as possible", which is not inherently bad but in Netlify's case could easily take the product in the wrong way.
Their focus on enterprises especially worries me, as their current feature set works amazingly for "indie hackers" and small businesses.