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We'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 p
by chrischen 11y ago
We'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