Einar Volsett
๐ค SpeakerAppearances Over Time
Podcast Appearances
I was talking to actually a guy who's a friend of mine who's a venture capitalist now and was then, and he was actually at Demo Day.
And he said, actually, the weird thing about that Demo Day is the feeling going into it was, will anyone write any checks?
That was the, that was the feeling, you know, like, cause 2008, you know, 2008, 2009, we did, we did it with, uh, went through with Airbnb and they actually, um, just to give you context for how things have changed, they did what they then called their series a, uh,
which later got rebranded as a Series C because there wasn't such a thing, I think, as a Series C at the time.
But they raised $600,000 for their Series A. And everybody thought, like, holy crap, that's a lot of money.
And that was a big check at the time.
But yeah, I mean, I think...
the sort of startup ecosystem, like there's a lot of these companies that got started right around then, like Airbnb, Dropbox, Stripe a little later.
And they all got started at the time when the valuations were nowhere near as highfalutin as they are now.
So.
So it never really made a lot of money like, because it wasn't, uh, I think maybe that's, I think we tried, I'm now I'm just clutching at straws of my memory here.
I think we tried charging like five bucks for it.
Maybe there was no such thing as subscriptions at the time we tried.
I think we tried in like the second product, uh,
Because the version between the desktop version and the quote unquote final version was one which is sort of a hybrid, where there was an app, but it talked to a central server.
And we were going to charge a subscription for the server.
I think we tried that.
And then I think we tried
I think we tried charging for the app itself just, but not much, like five bucks per account or something like that.
It never was a real focus to try to make it super sustainable.