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When you say that "Bootstrapping a startup is stressful", are you only referring to the time before you raised the $2.5 million? How long was that? EDIT: Acco
by wensing 14y ago
When you say that "Bootstrapping a startup is stressful", are you only referring to the time before you raised the $2.5 million? How long was that?
EDIT: According to CrunchBase you raised $500K two months after your company was founded, and another $2 million 13 months later. I'm sure you just used the word without thinking much about it, but technically you bootstrapped for all of 8 weeks. :)
- ojbyrne 14y agoSometimes people work on things before they found a company around it.
- mirsadm 14y agoI hope there is more to this.8 weeks is like an extended holiday. I've been bootstraping for a year now and yes it is difficult but not that difficult.
- modarts 14y agoWhy is there this overwhelmingly anti-bootstrapping sentiment present in the startup community? What's so wrong with taking outside funding?
- j_col 14y agoIf you take outside funding, you're not bootstrapping. According to Wikipedia: "Bootstrapping in business means starting a business without external help or capital." Source: http://en.wikipedia.org/wiki/Bootstrapping#Business http://en.wikipedia.org/wiki/Bootstrapping#Business There is nothing wrong with taking outside funding, but then you don't get to call it bootstrapping any more (as per the widely-accepted definition above of what the term means). This is mixing up terms.
- modarts 14y agoI should have clarified that I was trying to ask a more general question as to why bootstrapping is seen as a superior way of starting a company as opposed to taking on funding.
- j_col 14y agoI thought the same thing when I read it: starts by mentioning $2.5m in funding, then talks about bootstrapping. Those things are mutually exclusive.