4 ms·
This is an interesting approach. I'm not sure I'd call it bootstrapping if you are taking external funding. Having access to mentors is good though. I bootstra
by rsweeney21 8y ago
This is an interesting approach. I'm not sure I'd call it bootstrapping if you are taking external funding. Having access to mentors is good though.
I bootstrapped my first company to several million and revenue by doing contract work on the side. Later, I decided to use the money from my bootstrapped company to launch another startup. Once we got some traction I decided to take company #2 the VC route. 0/10 would not recommend! :-) I'm working on a blog post about why bootstrapping can be much better for founders.
I've since gone back to company #1, where I own 100%, and pivoted it into a service to help engineers go from FTE -> contract -> truly bootstrapped startup. Of course, you are could always just go from FTE -> contract if starting a business isn't your thing.
We've got quite a few devs in our network now.
More info: https://blog.facetdev.com/the-facet-developer-network-the-freelancer-network-for-former-faangetc-engineers/ https://blog.facetdev.com/the-facet-developer-network-the-fr...
To sign up: https://www.facetdev.com/work https://www.facetdev.com/work
- akcreek 8y agoI bootstrapped my first company to several million and revenue by doing contract work on the side. Later, I decided to use the money from my bootstrapped company to launch another startup. Once we got some traction I decided to take company #2 the VC route. 0/10 would not recommend! :-) I'm working on a blog post about why bootstrapping can be much better for founders. I'm in a similar position; company #1 is successful and now running without me and I'm switching focus to company #2 and considering the VC route as this business has appropriate scalability. I'm quite interested to hear why you are 0/10 on going that route. Will you be posting that to the facet blog or how can I ensure I see that when posted?
- rsweeney21 8y agoYeah, i'll be posting it to the blog in the next week or so. You can subscribe to the blog to get notified when it gets posted. Also happy to talk one on one about my experience. My direct email is in my profile.
- smnplk 8y agothis reads like an ad
- whamlastxmas 8y agoAgreed, and the cult it perpetuates surrounding FAANG companies is annoying and off-putting. I get that it's their marketing gimmick but it still comes across as out of touch and shitty.
- imetatroll 8y agoI was momentarily excited until I realized that not being part of the FAANG club excludes me.
- rsweeney21 8y agoIt's not just FAANG. It's "FAANG or similar" or "FAANGetc". We're still looking for a better word to describe "senior engineer that has experience building software at scale". If you are a senior engineer, please apply! From our FAQ: What companies are considered "FAANG or similar" We don't have an official list, but generally it includes Facebook, Apple, Amazon, Netflix, Google and any other company where we are confident the hiring bar is sufficiently high and the user scale is sufficiently large.