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December Decisions Jen
12.03.2005 [] - Permalink

This month the Writely team will be making some key decisions that will determine our future. We have already decided that we will get some outside investment in order to stay ahead of our fast user growth and kick butt on meeting our users' needs in the years to come. So the open question then becomes: "What investment do we take?" That blanket question covers everything from how much and under what terms to from whom. So in addition to cranking out functionality enhancements and supporting our users, we'll be dedicating several hikes (we have most of our team meetings either over lunch or on a hike) to discussing and debating this key question. We've ruled out bake sales, by the way :-)

Fortunately, we've had lots of interest from many different types of investors. One of our informal advisers (whose identity we will not reveal here) told us earlier this week that choosing an investor is like choosing a mate - you both decide whether you like each other in the first 15 minutes of meeting. If you like each other, you expend lots of effort to find out details about each other that you hope will confirm the first impression. If you don't like each other (or if one of you doesn't like the other), you say "nice meeting you" and never meet again. It's an interesting analogy, at any rate. We're all married with children, though, so no one is taking this advice literally.

In a perfect world, we would continue to bootstrap Writely until we earn profit through a wildly successful premium service offering (for example), and so we would never need outside investment. But that's just not realistic given the growth and the enthusiastic response from users that we're seeing. So instead we'll be drumming up investment in 2006 - to fuel our growth and make sure that we keep our users happy for the long term!


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