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17 engineers and they've raised $300K? Perhaps they're already cashflow positive and are just getting the mechanics in place.


Well to be fair the median salary in Egypt is about 8000$ per year, when you don't have to pay 150-200K per head to onboard engineers 300K can get you a long way (if you think about it their entire team might cost less than what a single engineer in a SV startup will be earning, sucks I know but it's the reality in that region).

Asia, some parts of Africa and some parts of the Middle east are now some what ripe for investment as far as tech startups go, the barrier of entry for learning development has been lowered sufficiently and education in some places is actually quite available and well established these days.

These aren't regions in which you need to have multiple series of funding and raise millions to be able to pull even a power point presentation of the ground. Places like Cairo which have quite good higher education can be considerably cheaper than the baltic states and eastern europe were 5-8 years ago and if you develop a non-regional product you can have a huge return on investment, and it also allows companies to become cash flow positive very quickly as their yearly burn rate is probably lower than the price of some investor relation event/party in SV.


Actually yes, we're cashflow positive. But we don't really call ourselves mechanics, we prefer the word "pharaohs". Would love to hear your feedback once you try the product that the pharaohs have built!


I meant mechanics of the business model. I.e., finding the right roles you need to grow.

Good luck.


He meant the "business machine" is well-oiled...

Honest q: Have you surveyed your competitors? HelpShift seems to be a pretty solid offering.

Also, alf mabrook!


Helpshift is doing a good job indeed. What differentiate us is that we offer one SDK and one dashboard to view bugs, feedback and crashes, and act accordingly on each one (i.e., assign bugs and crashes or forward them to a bug tracker, and reply to feedback). Plus Instabug captures far more details (screenshot, device details and user steps) to help developers trace bugs faster. I'd really love to hear your feedback once you try v3.0




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