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Thank you -- this is helpful. >> One way to try to bootstrap this is by simply filling those writer, editor, and reporter roles yourselves even more. Can you d
by fndrstrggl 5y ago
Thank you -- this is helpful.
>> One way to try to bootstrap this is by simply filling those writer, editor, and reporter roles yourselves even more. Can you demonstrate that doubling your own work output produces more than a doubling of traction?
My fear is that this makes a lot of sense for SaaS companies, but I think in our case its really part of the MVP. It's not so much that we have a feature thats great and then people will use it, when we have research that shows that our users go to places where all of the coverage they want lives. If we dont have that, we're not in the game.
>> Or are you and your partner following in the footsteps of your previous business experience, but this time you want to be at the top of the or chart and you want someone else to provide the money so you don’t have to bootstrap?
This is a really good point, and I think we need to emphasize this more. I really do believe this is new and innovative -- but maybe we need to show WHY we're doing this as a new company and not with our previous employers?
Is getting a bank loan or something like that a terrible idea? I have no problem putting skin in the game, I just have a limited amount of skin...
- webmaven 5y ago> Is getting a bank loan or something like that a terrible idea? I have no problem putting skin in the game, I just have a limited amount of skin... It isn't a terrible idea... for you. The bank probably won't feel the same way (though you should still check out your local community banks or credit unions, just in case). The kind of business development or capacity building funding you're looking for is more the province of the Small Business Administration: https://www.sba.gov/funding-programs/loans https://www.sba.gov/funding-programs/loans