3 ms·
1) A 250K job is not readily available for everyone, let alone 350K if you're taking into account annual raises for 7 years. Sure, if you're fortunate/diligent
by altdataseller 4y ago
1) A 250K job is not readily available for everyone, let alone 350K if you're taking into account annual raises for 7 years.
Sure, if you're fortunate/diligent enough, but not everyone can get into FAANG, or have what it takes to master those interview questions (or want to). I also believe the founder of Baremetrics did not have a developer background.
Even if you are able to make that much in your job, the math starts to change dramatically when you have a bootstrapped company, where you can pay yourself half your regular salary for years before you decide to sell the company.
2) Yes, investors walking away from 800K is a good valid point. If we want to talk about true bootstrapped successes, BuzzSumo and Backlinko are better examples.
But yes, the path to a successful bootstrapped SaaS is a narrow one - it's always been a narrow one. But even with a narrow path, it's still larger than the path to a successful funded SaaS. Both have low probabilities of success, but one is more of a moonshot than the other, IMO.