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I've thought a lot about this and I feel like it makes sense pre-seed to do this. Save the cash, invest it in the business, and then when you raise money move t
by freeqaz 12y ago
I've thought a lot about this and I feel like it makes sense pre-seed to do this. Save the cash, invest it in the business, and then when you raise money move to San Francisco/Bay Area. It's really tough to grow outside of SF, I feel like. But if you're bootstrapping yourself... Then I can't see many reasons to come to SF.
- marshallhaas 12y agoAgreed, San Francisco is probably the worst place to be if you want to bootstrap.
- rjurney 12y agoI don't think so. There are so many early adopter, visionary customers here you can sign up on spec to pay you to develop your product.
- vonmoltke 12y agoAssuming your product appeals to the type of consumers or businesses that inhabit San Francisco.
- rjurney 12y agoWhat kind of businesses aren't in the Bay Area that you'd want to target?
- kasey_junk 12y agoOff the top of my head: large banks, insurance companies, automotive, military contracting, commodity agriculture & energy. [Edit] Actually, this made me think, what precisely is in the bay area that I'd want to target. The obvious answer is companies whose major priorities are VC and/or other acquisition events and the ecosystem they create.
- brianwawok 12y agoI would take SF over Antarctica.
- dyeje 12y agoWhy is it tough to grow outside of SF? There are plenty of successful internet businesses that are not based in San Francisco.
- seanflyon 12y agoSF is the most extreme example, but I think it is hard to grow a tech company outside of a tech hub (such as Silicon Valley or Seattle). Other tech hubs have the same cost of living problems (to a lesser extent), but they also have potential investors, mentors, and employees.
- curun1r 12y agoEarly in the bootstrapping process, I think it makes sense to go the Github route...make telecommuting and virtual presence a part of your company DNA and then get the best talent::cost ratio by not limiting yourself to employees in any city or state. Offices in St Louis might be cheaper than San Francisco, but they're nowhere near as cheap as not having an office at all and possibly flying everyone to a common location on a quarterly basis for company all-hands.