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Back to Anthony Eden, Founder and CEO of DNSimple, with Anthony Eden.

Why Did a Hawaii Mentor Want Five Bucks Per Dollar?

A mentor in Hawaii gave the rule early on: do not raise money unless one dollar can turn into five. Other people's money is not for building a product or buying equipment. Capital is for making more money.

A channel that returns five bucks for a dollar in is worth spending on until the channel is used up. Profit from customers is itself an investment in the work, and many cases call for a little money or no money at all.

Transcript

Anthony Eden, Founder and CEO of DNSimple ·

Geek at Sea

More from this episode

  1. How Did Geek at Sea Introduce Anthony Eden?Anthony Eden is the founder of DNSimple.
  2. How Did GoDaddy Push Anthony Eden to Start a Registrar?GoDaddy was holding a personal domain in 2010, and the domain name system screen was horrible.
  3. How Did Anthony Eden's Living Social Nights Start Paying?The opening stretch was independent contracting, about a year and a half of software work to pay the bills. Living Social came next.
  4. How Did DNSimple Keep Its Developer Niche?The niche was engineers and developers building web apps. They wanted to set domain records and leave, without hosting and without an email provider bundled in.
  5. How Did Anthony Eden's Script Become DNSimple's Name Server?DNSimple customers could not put a CNAME on the apex of a domain such as dnsimple.com. A Heroku customer wanted the naked domain to point at a Heroku site.
  6. Why Does DNSimple Take Bank Transfers on Only One Plan?On the show, DNSimple changed billing so larger customers could pay by ACH. A credit card was the only payment option in the early days.

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