4 ms·
I've made about 5 attempts at starting bootstrapped businesses, in the end i've realised that i'm not giving each business long enough to mature and to turn it
by krmmalik 16y ago
I've made about 5 attempts at starting bootstrapped businesses, in the end i've realised that i'm not giving each business long enough to mature and to turn it into something that can perform real value creation.
I've also learned, that if allow myself to believe, then there's no such thing as competition, even if google enters the same market, in fact, that might even be a bonus, since that validates the market for me.
Not trying to dampen your spirits in any way, just wanted to share from a fellow serial bootstrapper ;-)
- lsc 16y agomy bootstrapped company wasn't profitable for the first three years. Amazon stomped on me not once, but twice, first with storage, then with compute nodes. The thing is, amazon didn't follow up with a kill. They have let up on the price pressure to the point where I can field compute nodes at a significantly lower price point... and I'm eying the storage market. The s3 service was the first time they trounced me. My initial idea was to sell storage, rsync.net style, before rsync.net. s3 killed any possibility of price competition at the time. But, while if you can afford five petabytes of data, their prices are still really, really competitive, I'm considering heading back into the market because they've left the couple hundred gigabyte market wide open.