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Businesses are bootstrapped on the backs of the founders who exchange high personal risk for potential reward. I have had a bootstrapped company and my employee
by briandear 8y ago
Businesses are bootstrapped on the backs of the founders who exchange high personal risk for potential reward. I have had a bootstrapped company and my employees always got paid first and correctly. I don’t hire people unless I can pay them what they fairly cost. Any shortfalls came from my pocket and savings and never on the backs of my team. Maybe I am an outlier. It seems to me that the Amazons and Ubers of the world are built upon “cheap” labor more so than bootstrapped companies. Those types of companies have a competitive advantage from their access to cheap labor that is magnified at scale. Your typical bootstrapped company isn’t at the scale where exploitive labor makes much sense.