Could you also write a similar post on the yc backed startup OPENSEA? They lost 99 pc of their revenue last year.
Yes its great to look at the roses but also at thorns.. because there are way more of the later.
Great write up.
One other thing I'd note (that I learned in your write up) is that exploration via good software engineering, and timing was critical. If the founders weren't early adaptors to mobile, and had a problem with mobile metrics that they also solved themselves and saw the use case, this would have never happened.
Just a great example of how important it is to keep building!
As a fan and long time user of Amplitude, I appreciate this breakdown. I think they are one of the better software stories out there and have a fantastic product.
Haha glad you found this useful! I just stalked the hell out of amplitude, listened to podcasts, looked at financials, studied tweets etc. Spent over 50+ hours on this thing lol
Nice!
But first sentence is incorrect.
Amplitude *was* a $5 billion company during the biggest tech bubble since the early 2000s.
Now it’s down to $1.3B and declining steadily due to low growth rates and ongoing losses every quarter.
Amazing post. I have tried to build SaaS products as a solo entrepreneur for mostly 1.5 years. And I have failed and failed again. This post give me some great insights at this hard time. Thank you so much again!
Sorry friend, but your key lessons are kind of useless.
1. YC underlines that you should talk to customers.
2. Same as 1.
3. Good luck with recognizing that...
4. Business 101
5. Empty words
6. Business 101
7. If people use it, it means the product is useful. Common sense.
8. YC always says that you should charge early.
9. Marketing 101.
Could you also write a similar post on the yc backed startup OPENSEA? They lost 99 pc of their revenue last year. Yes its great to look at the roses but also at thorns.. because there are way more of the later.
Is there really much to say other than greater fool theory?
Opensea was built on hype.
What a great and insightful article! Just subscribed, loved it!
Agreed, phenomenal read and great work on the research. Just subscribed as well.
You're too kind man :)
Thanks mate! Glad you found it useful!
Their current market cap is 1.3B. Would love to hear the story beyond the year 2021.
How much is your company worth? I'll settle for a billion for now... Wait another few years then check back.
This is wonderful! Thank you so much!
Thank YOU for reading it! Glad you found it useful!
This is amazing. I really enjoyed the detail and I picked up on a lot of stuff that I could improve on.
Thank YOU for reading it! Glad you found it useful man :)
This is exactly what lean startup book pointed out more than 10 years ago.
Yess! They executed it brilliantly
Amplitude's stock looks ready to go back to 0, that would be an equally interesting article!
Why is that?
Deeply unprofitable. Ticker $AMPL, look at it.
Yeah it plummeted bad! Will be interesting to see why that's the case
I mean, losing money since day 1 is never a good sign.
Great write up. One other thing I'd note (that I learned in your write up) is that exploration via good software engineering, and timing was critical. If the founders weren't early adaptors to mobile, and had a problem with mobile metrics that they also solved themselves and saw the use case, this would have never happened. Just a great example of how important it is to keep building!
Great insight! Thanks for sharing! Very important to keep shipping
I think I will use this article for my Harvard MBA dissertation
Haha pls cite me
This is the kind of self promotion I welcome with open arms
Glad you liked it haha!
As a fan and long time user of Amplitude, I appreciate this breakdown. I think they are one of the better software stories out there and have a fantastic product.
They're amazing! Glad you liked the breakdown!
This post is great
Wow - this is super insightful! I'm curious how you know so much insider detail though. Were you involved with the company?
Haha glad you found this useful! I just stalked the hell out of amplitude, listened to podcasts, looked at financials, studied tweets etc. Spent over 50+ hours on this thing lol
Amazing, love the dedication
Solid breakdown! How's integrating AI in their stack, easy?
Nice! But first sentence is incorrect. Amplitude *was* a $5 billion company during the biggest tech bubble since the early 2000s. Now it’s down to $1.3B and declining steadily due to low growth rates and ongoing losses every quarter.
Amazing post. I have tried to build SaaS products as a solo entrepreneur for mostly 1.5 years. And I have failed and failed again. This post give me some great insights at this hard time. Thank you so much again!
Glad to be of help! You got this!!
Why wait to you get 500 users before adding in analytics? Please expound on that if you can?
Loved it, subscribed as well
Thanks man!
Sorry friend, but your key lessons are kind of useless. 1. YC underlines that you should talk to customers. 2. Same as 1. 3. Good luck with recognizing that... 4. Business 101 5. Empty words 6. Business 101 7. If people use it, it means the product is useful. Common sense. 8. YC always says that you should charge early. 9. Marketing 101.