Dan Schwartz is the Co-Founder and COO of New York based RUN, a mobile-focused ad tech product company, offering cross-screen media buying and up to the second analytics.
You should be concerned if people aren’t doubting you. Bottle that skepticism, as it’s fuel for growth, while resisting the urge to fall in love with yourself by thinking critically. If you understand your own gaps, you’ll be better able to fill them.
In the world of ad-tech, conventional wisdom says that you need to raise money to build a product that will then (hopefully) lead to revenue. Conventional wisdom isn’t that wise and can’t hold a candle to counter-intuitive thought in action. We built something out of nothing – a business first and funded our technical development by pumping the proceeds of the business back in to build products that didn’t exist in market.
I had an advertising sales job which I built based on strategic partnerships. I was able to work from home, which was pretty sweet and it became quite lucrative. I loved it – but you have to be willing to give up something good in order to arrive at something truly great.
Self funded and profitable from day one. Two years in, we recently took outside funding for the first time – we didn’t need to, but ...