3 ms·
You must know my wife. Our current clients have proven to be reliable. Once we launch them they directly profit from our product by adding about 5%-8% to thei
by lloydarmbrust 17y ago
You must know my wife.
Our current clients have proven to be reliable. Once we launch them they directly profit from our product by adding about 5%-8% to their bottom line (our customers are newspapers, BTW). It's unlikely that they will pull out unless they close, and our current customer are all smaller newspapers which make this less likely.
Do you think it would serve us better to wait until we have the revenue to support me? What experiences bring you to this conclusion?
- skmurphy 17y agoYou are in an uncomfortable but probably sustainable position bootstrapping the business by "working two jobs." If you raise a small amount of money that doesn't allow you to "bridge the gap" (i.e. replace your salary for long enough to allow you to become sustainable) you now face some very hard choices. This is a recurring topic of discussion at the bootstrapper breakfasts (http://www.bootstrapperbreakfasts.com http://www.bootstrapperbreakfasts.com). We have seen folks do better bootstrapping by "working two jobs" (or consulting and building a product). If you come on board "full time" can you consult on projects with newspapers to replace your current income? That might be an alternative that would allow you to align all of your work efforts more closely than two unrelated jobs.