Source item
Open original source ↗Agreed. The YC ARR circle jerk is not the positive indicator people think it is.
Have unfortunately learned this the hard way.
Quoted context
These are the quoted author’s words.
An important milestone for every software company in Silicon Valley is closing an unaffiliated, outside of the bubble, paying customer I quote @DavidSacks on this a lot because having one promising logo that’s your friend’s company or a dozen YC companies doing you a favor isn’t PMF… The first penny of happy unaffiliated repeatable revenue is the first critical milestone for a SaaS startup, as it proves that 1. the team won’t be stuck in the Wilderness forever 2. the founding idea is not just a good story, there appears to be a market 3. the team has the ability to convert promise into traction
briannekimmel ↗