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$200k is not bootstrapping. That's still a great amount for a seed round in most places in the world.
by rorykoehler 10y ago
$200k is not bootstrapping. That's still a great amount for a seed round in most places in the world.
- Lordarminius 10y ago$200k CAN BE bootsrapping. Bootstrapping is running your business with personal funds and not receiving or accepting external money. By this definition Bezos was not bootstrapped.
- rorykoehler 10y agoYou're right. There should be a another terms for it though because 200k is 200k if you put it in yourself or took it from a VC. The last company I started we had €20 starting capital which we spent on a domain name and a server. Clearly there is a huge difference between those 2 cases as we had to be profitable from day 1.
- Lordarminius 10y agoI agree. Bootstrapping has come to connote "small sums" as opposed to self-funding.