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not to nitpick, but what another poster here calls "Essentially the wikiHow founders bought Web-1.0 also-ran eHow for cheap,", the article specifies as $100,000
by its_so_on 15y ago
not to nitpick, but what another poster here calls "Essentially the wikiHow founders bought Web-1.0 also-ran eHow for cheap,", the article specifies as $100,000.
Right, quite cheap, if you have that kind of money kicking around you can live a story that ends up with you bootstrapping to 30MM visitors. Sounds like this guy's story is very different from the kids who really need the $16k they first sell 7% of their company for.
I guess I'm more interested in 'bootstrapping' that happens with a laptop and skype, not already having 100k.
The article doesn't specify whether he got large material support from family background. But from the story of the point he was at in his education when he went off to do rock-climbing with a large 'off-budget' travel fund, all after working briefly as a 23-year-old mgt consultant, it's not hard to piece together.
If someone has links to similar stories that are more in line with not having these things, while bootstrapping/not seeking outside investment, would love links.
- gonein60 15y agoI was wikiHow's first (I think) intern. Back in 08 their entire company was two guys working in a side room in Jack's dad's office and only one tech guy who was based in Toronto. I don't think that wikiHow was bootstrapped in the traditional sense as I'm pretty sure his family has a decent amount of money (or whatever passes for that in the Bay Area these days). That being said, here's a guy who's passionate about what he's doing and is comfortable avoiding the start-up rat race. Given all that, the numbers he's pulling are pretty remarkable.