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> I ask because I’m wondering how companies that bootstrap without investment grow headcount. People pay them for their products or services, then they take th
by CPLX 9y ago
> I ask because I’m wondering how companies that bootstrap without investment grow headcount.
People pay them for their products or services, then they take the money so gained and distribute it to their employees in exchange for their work.
My understanding is that this concept has been quite popular historically.
- SmellyGeekBoy 9y agoSpot on. I worked for 7 years as a contractor before amassing enough money to be comfortable taking on my first employee. That was just over a year ago and now I have 5 of them - and plenty of cashflow to actually pay them what they're worth. It's almost like people have forgotten how a business works...
- reitanqild 9y agoHehe, probably you have better understanding of running a business than many business owners. (One pitfall however is that some bootstrapped business owners become unreasonably cheap even when there is reason not to be.)