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Post author here, someone on Twitter asked to expand a bit on where our users came from, given some of you might have the same question. Early on we were featu
by plehoux 6y ago
Post author here, someone on Twitter asked to expand a bit on where our users came from, given some of you might have the same question.
Early on we were featured by Apple couple of times + podcasts, but now, mainly a mix of word of mouth content/SEO and honestly a lot of mystery.
Today HN :)
- necovek 6y agoCongrats! Your story is amazing, but there is this tendency to conflate bootstrapping with re-investing-your-own-earnings which you admit to doing (from your other businesses). I'd rather call that "expanding" your existing business or "pivoting" rather than bootstrapping. Sure, the line is fuzzy no matter how you look at it, but if you are not drawing from a fixed pot (eg. your personal savings), I don't like it being called "bootstrapping": the core difference is in the type of safety net you've got (and thus the risks you are really taking).
- plehoux 6y ago> but if you are not drawing from a fixed pot (eg. your personal savings) Profits from another business, in and itself, are technically also from personal savings. But yeah, maybe our story doesn't subscribe to the purest form of bootstrapping.
- achillesheels 6y agoI would define bootstrapping more on par with autonomous scaling. The criterion pertains to the risk in capitalization. The more the risk is self-owned, the more the "quality" of the bootstrap :)
- necovek 6y agoThe only distinction is that personal savings usually do not grow at the same rate, thus the different qualification of risk. Anyway, your story is enlightening and interesting regardless if it was "impurely" bootstrapped, so apologies if I made it seem as if that was the most important thing.
- gumby 6y ago> Your story is amazing, but there is this tendency to conflate bootstrapping with re-investing-your-own-earnings which you admit to doing (from your other businesses). I'd rather call that "expanding" your existing business or "pivoting" rather than bootstrapping. That seems like a crazy distinction. Pulling yourself up by your own bootstraps means not getting outside assistance. Growth through reinvesting your profits is entirely the deal. Otherwise what else on earth could it mean? We started Cygnus with 15K (about 30K in today's dollars; it was 5K from each founder) and didn't take outside money for seven years at which point we have about 150 employees and had never had an unprofitable month after month 3 (though the three of us had to skip paychecks some months during the first year, and I gave the company free rent for a few months -- but staff always got a paycheck). edit: It wasn't just the cash; we also had an old Sun-3 that Sun had somehow appeared -- still had a Sun property sticker -- plus we had the first production prototype of the "pizza box" sparcstation which had in fact been legitimately given away.
- necovek 6y agoUhm, of course profits from the "bootstrapped" business does not count as external business profit: you had exactly the "fixed pot" I talked about, so your example is a great case in point. But the OP had profits from another business. Eg. imagine if Google decided to create a self-driving company with profits from their search/ad business. We wouldn't ever think of calling that self-driving company bootstrapped.
- gumby 6y agoI guess since it was the same team and the money was coming from the team's first bootstrapped business it all seemed like just adding another product to me. But yeah, it was written up more like it was simply subsidized by a group of investors who happened to be the founders.
- renewiltord 6y agoFor anyone else reading, I actually found Cygnus Solutions' business model interesting. https://en.wikipedia.org/wiki/Cygnus_Solutions https://en.wikipedia.org/wiki/Cygnus_Solutions Lived the dream there: making a lot of money maintaining open source. Good stuff :D
- willyg123 6y agoHis prior company, ConferenceBadge.com, was bootstrapped too [1]. If his prior company was venture backed, I would agree with you. This is a completely new business and target market so I don't think it can be considered an expansion either. [1] https://medium.com/conference-badge/the-epiphany-behind-a-bootstrapped-startup-a6cb8a17237e https://medium.com/conference-badge/the-epiphany-behind-a-bo...
- kr4 6y agoJust curious: how do you get featured by Apple, or by any other app store for that matter? Based on users or quality?
- plehoux 6y agoNo clue, I guess quality/luck? Missive was featured multiple times in 2017-2018. We had no web fame, Missive wasn't popular and it was a JavaScript app, let's say we were really surprised too. At the end of the day, most of the users we got from those features, weren't really good fit. But it was good for our confidence.
- neeeeees 6y agoCongrats on the milestone! I hope it’s okay to ask a technical question: How did you build push notifications (especially on mobile) with a single codebase? Do you use something like OneSignal? Also, is your iOS app still using Cordova? It looks and feels so nice, which is a marked difference from the last time I tried that framework.
- plehoux 6y ago> How did you build push notifications (especially on mobile) with a single codebase? Do you use something like OneSignal? The single codebase for the client. We do have a server/API, which manages push notifications.
- plehoux 6y ago> Also, is your iOS app still using Cordova? It looks and feels so nice, which is a marked difference from the last time I tried that framework. Yes, it is.
- 1cvmask 6y agoCongratulations! How did you get Apple featuring you? And which podcasts worked best?
- nkotov 6y agoCurious on how many users from HN?