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This is the essence of why it's incredibly difficult to bootstrap a profitable startup in a market that already has one of more funded players in it.
by nathancahill 11y ago
This is the essence of why it's incredibly difficult to bootstrap a profitable startup in a market that already has one of more funded players in it.
- danieltillett 11y agoYes this is why you should avoid these markets if you are a bootstrap business. The positive is there are lots of markets out there that are too small to attract external funding, but large enough that a good $10 to $20 million dollar business can dominate them profitably - I run exactly this type of company in this type of market. All I can say is it is very nice to have no outside investors to answer to and to see a nice positive balance sheet each month :)