Pavlyshyna
Joined 8 years ago
Joined 8 years ago
The point for us was not capital costs or smth, but opportunities to grow at a different scale. We see VC not as primarily funding, but as partners for the journey — source of learnings, support and network. We were mostly focused on raising from angel entrepreneurs, even current customers joined. Hopefully this answers your question.
I assume they still need to make payouts, keep workplaces and support the economy. From my perspective, begging for charity is not okay when you can bring value. Maybe I am just too optimistic about examples you mentioned.
Hopefully, this is not the case. We were not pushing people during such heart-breaking times, on the opposite, they needed work as a distraction and spent at least 30% of work time lately on volunteering projects, eg. designing for non-profits. This gave an additional sense of purpose to being productive and stay strong.
First, we have different focuses. I see them going after e-commerce and graphics/illustrations, while we strongly develop a product design expertise serving global startups. Then, what we do is we build own design community (btw, being very inspired by YC community too). Having these two segments of users, we build our own product and a matching algorithm between them (you might even notice this magnet analogy in our logo).
So I respect other companies doing things that look similar. Still, we just build what we believe is best for the users we're serving.
Awesomic stands for empowering creative design community from Europe, Ukraine in particular (where we are from). These are not only "good designers", but really great and vetted talents that delivered creative work for 500+ global companies already. More than 90 of them are YC companies we truly respect and are inspired by. For example, we have the designer with several Red Dot Award, a German international design prize awarded since 1955.
These are the people I truly respect.
From the perspective of design community we build, we want to uncover Ukrainian creative talents to the world. They really deserve to work with high-end companies, get a global recognition and do not loose a social capital while being a solo freelancer. Still, I would not call that a standard arbitrage as we are not selling hours or smth — we provide companies with the smart matching and an efficient process to get design done, all in one app. For both sides of users, we're focusing on the added value.