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I understand they're different, but I don't think most "bootstrapped" companies could say: "It took us 4 years from the incorporation of our Snowboard business
by adamhowell 16y ago
I understand they're different, but I don't think most "bootstrapped" companies could say:
"It took us 4 years from the incorporation of our Snowboard business to hit profitability. We had 13 employees at the time."
- samd 16y agoIf bootstrapped means profitable (or at least not unprofitable) from day one then I don't think any company could be called bootstrapped. Most "bootstrapped" companies rely on outside money, that money just happens to come from the founder's savings.
- wheels 16y agoI usually refer to that distinction as "self-financed" vs. "bootstrapped", where "bootstrapped" implies an alternate revenue stream while building (usually a full-time job or consulting). 37signals, having evolved from a consultancy, is a more classically bootstrapped company. However, in practice, the lines are often fuzzy with companies using a number of instruments to fuel growth.