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And let me add, I've never heard of a bootstrapped startup taking less than 7 years to reach $1MM ARR, with many years of dirt poor earnings. You're likely to g

by _xnmw 4y ago

And let me add, I've never heard of a bootstrapped startup taking less than 7 years to reach $1MM ARR, with many years of dirt poor earnings. You're likely to get to a million faster with a FAANG job with stock options if you're good at interviews.

alberth 4y ago
Some bootstrapped examples. Lemlist is doing $10m, only 3.5 years after launch. https://blog.lempire.com/from-0-to-150m-valuation-in-3-5-years/ https://blog.lempire.com/from-0-to-150m-valuation-in-3-5-yea... Plausible got to $1M in 4 years. https://plausible.io/blog/open-source-saas https://plausible.io/blog/open-source-saas Hey (email) did $5m in first year of launching service. https://www.theverge.com/2020/6/16/21293156/hey-email-service-2-letter-addresses-premium-price-features https://www.theverge.com/2020/6/16/21293156/hey-email-servic... There’s a bunch others.
- eutropia 4y ago
  Hey was created by Basecamp. Sort of the opposite of a startup.
  - alberth 4y ago
    Aren’t bootstrapped companies in general the opposite of a startup?
    - lolinder 4y ago
      Their point is that Hey was a new product by an established company (20+ years in), not a new company at all.
    - chayesfss 4y ago
      No, every company was a startup regardless of initial funding
tomcam 4y ago
> I've never heard of a bootstrapped startup taking less than 7 years to reach $1MM ARR Mine took about 2 years, from 2000-2002. I finally sold it last year so I won’t mention the name, but I’ve been doing the four hour work week since 2001. I sold an eBay-related service during the bottom of the first dot com crash. No one else was willing to charge for access to a web service at that time except maybe Wall Street Journal.
reillychase 4y ago
Lots do it actually, mine took 3 years to go from $0-$1M ARR