My, how things change in just a month. According to my last update, we were supposed to be preparing for a move to Los Angeles right about now. Instead? We’re holed up with the rest of the Bunches team at a home in Napa Valley. This post was supposed to be a deep dive into Bunches (it’s still coming, I promise!), but instead it’s been sidetracked into an update on where we are due to COVID–19.
Bunches is my latest startup, and the first one that I’ve started from scratch myself. After years at larger companies, and after leading Exeq through an acquisition that culminated last year, I finally feel ready to lead my own from start to finish. Hopefully, this is the big one. What we’re building sounds quite simple, but also has the flexibility and opportunity to grow into something huge, which is exciting.
Simply put, we’re building the easiest way to create a paid group chat. With the rise of the Passion Economy, more and more people are looking for ways to directly monetize their audiences and creations, so we’re creating a way for them to do that.
We raised a pre-seed round last November, closed it in December, moved to the SF Bay Area in the beginning of January, and have been working with our investors since then. I’ll go into a bit more details in the next post.
Basing the company in Los Angeles makes a ton of sense for us, considering our target audience and preference for sun and a food scene. But then this little thing called a coronavirus happened.
Thankfully, we saw the writing on the wall fairly early, and were in a position to make decisions freely. We decided to isolate as a team, and booked a house in Calistoga, CA. I’m not going to lie…it’s a dope house. Jacuzzi, pool, a grill, a yard, and plenty of space for everyone. After all, there are 8 of us living in one home. But we are still living together.
Right now, we’re making decisions to preserve four things:
1. Our health & neighbors’ health.
2. Our cash.
3. Our productivity.
4. Our vision.
As of this writing, we’re all healthy and asymptomatic (knock on wood!), we have enough runway for 18 months or so, we’re still cranking on the product, and we’re still excited about what we’re building. So far so good…we’re four-for-four.
Frankly, I don’t know. As I wrote in the last post, we do plan on moving to Los Angeles, but with the pandemic throwing a wrench in those plans, who knows what the coming weeks hold. I do know that I’m with my family, building something of value in one of the most beautiful areas of the country. I couldn’t be more fortunate.
Stay tuned for the next update!