Simple Cyber Security was selected as one of the winners of the Pinboard Investment Co-Prosperity Cloud (CPC). I’m now the proud founder of a company $37 in debt. However, while a lot of people think I’m crazy for taking $37 in funding, I think that the CPC gave me the perfect amount for this company. Let me explain what joining the CPC does for Simple Cyber Security.
First off, it pays thirty seven dollars! $37 buys me quite a bit of what I need to run this buisiness. I got a website template from ThemeForest for $17 (despite their very odd pricing method). I host the website as static content on Amazon S3. My bill for this month will be significantly less than $1. I live in Colorado so I can incorporate for $1. The mailing list is managed by MailChimp which allows lists up to 2000 people without paying! I’ll need to spend some money on Amazon EC2 instances in order to actually create some AMI’s, but with VM time starting at $0.02 / hour I don’t see myself breaking $5 this month. So at the end of the day, $37 covers my business expenses for months.
Simple Cyber Security has gotten some great publicity. Not only did the winner’s announcement stay on the front page of HackerNews for a few hours, but it spawned more interest than I could have possibly gotten through my network. One week after the announcement was made, I was interviewed by Wired. I got emailed by two other companies looking to collaborate (look for a future blog post). I got asked to apply to a startup incubator. And most enjoyably, I got to have conversations with all sorts of people and learned what they are working on and what they are looking for. It would have been incredibly more difficult to get that much publicity on my own.
Lastly, and most importantly, is the spirit of the CPC. On the original announcement, Pinboard founder Maciej made the following comment:
Why are you doing this?
I’ve been claiming for a while that the current culture of VC and angel investing has made the definition of ‘startup’ unnecessarily narrow. My goal is to give a leg up to innovative projects which, because they do not aim for explosive growth, hold little interest for traditional investors.
This line, more than any other, really fit with what I want to do, how I want to build a business, and what I have time for right now. I’m happy where I am in life, I’m happy with what I’m doing, and I’m happy that no one has expectations that prevent me from doing things the way I want.