4 ms·
"You're about to give up quickly" is the hardest thing to judge really. Especially when you're a bootstrapped entrepreneur running out of cash, persistence beco
by iamclovin 16y ago
"You're about to give up quickly" is the hardest thing to judge really. Especially when you're a bootstrapped entrepreneur running out of cash, persistence becomes very tricky.
Would love to hear how fellow bootstrapped HN'ers dealt with such a situation.
- StavrosK 16y agoIn our case, we became profitable. When all you need is money to pay for a small server and can get consulting gigs to pay for food, becoming profitable at two weeks (so far so good, anyway) really puts your mind at ease that what you're doing will at least hopefully be self-sustainable. I realise this is useless advice for most other startups, but hey, spend as little as you can (but not too little), and you're doing the best you can.
- iamclovin 16y agoYes doing consulting gigs is a great way to fill the coffers and we do that too but strictly speaking it's not your product which is profitable, right? We are running at very bare costs but our biggest expenses are salaries for ourselves (which in an expensive city like Singapore) can drain your finances pretty quickly.
- StavrosK 16y agoOh, you misunderstand. The product itself is profitable, it makes more per day than the operating costs. Right now, actually, it makes the monthly operating costs every two days on average. Fingers crossed that this trend will continue. The consulting gigs are so we can afford food. We aren't getting paid anything, but we don't count our time against expenses...