3 ms·
I'm in the process of bootstrapping a tech company whose goals are "non-profit". The product is finished although in the webpage http://www.alfiv.com http://www
by nfc 11y ago
I'm in the process of bootstrapping a tech company whose goals are "non-profit". The product is finished although in the webpage http://www.alfiv.com http://www.alfiv.com the model and description of the product are outdated and incomplete since I've been too busy with the technical development.
I'm thinking about the possibility of looking for investments. It seems that accepting an investment would force me to give up on the kind of things I want my company to do, what are your thoughts about accepting external investments, was your company bootstrapped or it took investors money?
In my case I want the company to give all its profits to other non-profit organisations, so quite a hard sell for a possible investor.
- mrmondo 11y agoWe have no investors and are funded by ad-hoc and long running projects that customers pay (at cost) licensing to have access to and support from us for. I believe this started out as a mix of 'in our spare time' development and then customer (perhaps local government?) that required a service to be built and hosted, at that time the organisation was just one or two people so it was able to move fast without costing much. Since then we've obviously grown a lot (120~ people and many external relationships) and we try to balance what customers want and we can provide so that the smaller customers can use systems that otherwise would need the kind of funding to developer that only he big players can afford to spend. We try to open source as much of our underlying systems as possible as we have benefited greatly from the open source communities over the years.