2 ms·
It hasn't been very scary. It's been pedestrian to be honest. I faxed in some details with my credit card, got an account setup with the state, sent in my busin
by mottomotto 9y ago
It hasn't been very scary. It's been pedestrian to be honest. I faxed in some details with my credit card, got an account setup with the state, sent in my business paperwork, paid the fees and... Company started. I did this a couple years after getting the product going. I waited until we actually had checks to cash that required a business checking account. After I had my paperwork from the state, I got a FEIN online, filed my federal tax return for last year (no income), and opened a business checking account.
There isn't any magic to it.
If you add VC money into the mix, odds are you will fail and have a lot of stress failing. Or you can go bootstrap something and have a lot less stress and still be successful even if your company only makes $400,000 - a couple million a year. Odds of success are still not extremely high. But I think it's a better angle. I moved to the SF Bay Area and worked at startups for a while to get a feel for if I was wrong to think bootstrapping was better. I left much more assured that I was right.