1. QUOTE from:
    Lookery's Scott Rafer: Advice in the Aftermath
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    With Lookery, Rafer's company was completely dependent on working within the Facebook ecosystem. Said Rafer, "I've ranted for years about how bad an idea it is for startups to be mobile-carrier dependent. In retrospect, there is no difference between Verizon Wireless and Facebook in this context." After realizing that Facebook would not release anonymized data in a timely fashion, the CEO changed the scope of development. Full Article at ReadWriteWeb
    I've ranted for years about how bad an idea it is for startups to be mobile-carrier dependent. In retrospect, there is no difference between Verizon Wireless and Facebook in this context.
    SOURCE: ReadWriteWeb 3 weeks ago
All quotes from:
Lookery's Scott Rafer: Advice in the Aftermath
  1. If you can, bootstrap for as long as possible. You need to build something solid and meet those needs first. Then try to postpone fundraising until you've got scaling issues, not survival issues.
    SOURCE: ReadWriteWeb 3 weeks ago
  2. You need to know what you owe your investors. If you've already built on one platform, do you owe it to them to build elsewhere? Know their expectations before you take their money.
    SOURCE: ReadWriteWeb 3 weeks ago
  3. It's important for a company to exist at all ... But once you've gained some traction you should work to reduce your dependencies.
    SOURCE: ReadWriteWeb 3 weeks ago

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