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Uhm, 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 exam
by necovek 6y ago
Uhm, 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.