Today is the two year anniversary of StatSheet's incorporation, and I'm more excited about the future than ever! StatSheet is maturing at the rate of a two year old toddler (I should know, my daughter just turned 2 as well).  I've made a lot of progress, but there is still a long way to go.  Many in the web startup world expect a million users and millions in revenue by year two, but not me.  As a one-man operation I have some inherent limitations that impede fast growth, but my current pace allows me to evolve organically instead of synthetically.  I'm following the opportunities as I see them develop instead of trying to plan out all my options from day 1 to please a VC or board of directors.

I didn't have all the answers when I started StatSheet. I had an idea that I thought would resonate with sports fans (ie, make sports stats more interesting on the web), but I didn't really have a clue how I would make money from it. I had some vague notions about a subscription service and advertising revenue, but that wasn't my initial focus. While there are certain things I'm not able to accomplish because I haven't taken outside funding, staying solo has given me complete flexibility.  Fortunately I'm in a position where I can continue to fund StatSheet for the near future.  That means I can take risks with things that no one in this space really can.  My larger competitors can't possibly think of expending resources in a down economy on something that has no obvious monetary return (e.g. StatPlot). But I can! I can dabble. I can try new stuff. I can push the envelope. And that's exactly what I'll continue to do. I want to make it difficult to compete with StatSheet. There is a method to my madness, I assure you.

The past 6 months have been a bit of a whirlwind. It started with the Crunchies nomination which brought a lot of attention to what I'm doing (I was the only single-person company nominated). I've received a significant amount of acquisition interest from a variety of companies, both large and small. Four venture capital firms have contacted me out of the blue about wanting to invest in StatSheet. I have options.  And if I have options now when the economy sucks, I should have even better options when the economy turns around. It's for that reason that I've decided to stay solo. I'm having too much fun and the opportunity in front of me is too big to sell-out now.

Expect to see regular blog posts from now on. I want to write more about what's going on at StatSheet and some of my future plans.

Posted by Robbie | Permalink | Comments

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