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Chris: I've seen at least half a dozen of these businesses come and go. None of them seem to be able to scale enough to make for an exciting long-term business
by nugget 11y ago
Chris: I've seen at least half a dozen of these businesses come and go. None of them seem to be able to scale enough to make for an exciting long-term business worth reinvesting in. Despite individuals absolutely loving the final product. Any thoughts on why this is, and how you can succeed where others have failed?
- chrischen 11y agoWe're completely bootstrapped, so we don't have unrealistic investor expectations or valuation targets to achieve or else implode. I think that's probably the primary reason most of these businesses disappear. They either invest a lot of money themselves or raise money from investors with the hope of making it back in profits that don't come (for whatever reason). I started Instapainting with a negative bank balance, so everything we've done has been optimized to increase revenue and efficiency.
- nols 11y agoWhy does your blog post say you're backed by YC if you're bootstrapped?
- chrischen 11y agoWe ran out of YC (and other investor's money), and pivoted to this to make money.
- intrasight 11y agoclearly they were bootstrapped by YC
- JabavuAdams 11y agoRobots