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Well as you can see, the post was taken out of the Profitable & Proud series and was renamed to a QA right after posting. I guess we are not technically bootst
by xal 16y ago
Well as you can see, the post was taken out of the Profitable & Proud series and was renamed to a QA right after posting.
I guess we are not technically bootstrapped by some incredibly demanding definition of the term.
To me all those things - Bootstrapping, Angel money, Grants, VCs, etc - are just tangential tools in a pretty large toolbox that we as entrepreneurs can draw upon. There is no secret bootstrap society that you get to join if you do that just like there is no secret hammer society that you get to join if you only use hammers for all your carpentry jobs.
In any case, use the right tool for the job. We started a risky business in a crowded space so we bootstrapped. We ran out of cash so we got Angel money. We became profitable so we increased our own spend. We got really good at this and wanted to accelerate so we take VC money to get to our goals faster. It's not rocket surgery.
- steveklabnik 16y agoQuite true. I've mentioned some of those things below, and I absolutely don't mean to denigrate your success, you guys are great. It's just changed the way that I see how you see yourselves, though I guess I should have been thinking that way all along. Keep up the awesome. :)
- babeKnuth 16y agoIt's not brain science either. :)