Alex1Powell Categories Bootstrapping
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What the heck is this "bootstrapping" thing and how can you get in on it -- a thread
If you are not part of the bootstrapping world, the proposition of this thread will seem absurd.
It will go against fundamental beliefs you
may have about business.
Let's get started.
What do all of these companies have in common?
@Atlassian @Mailchimp @1Password @basecamp
They didn't take on investors when they started.
People have different definitions of "bootstrapped," but in usually it means a business that does not take on investors to start.
It may have funding from the founders, or credit card/bank loans. Generally the idea is to be entirely customer-funded
Unless no one has ever told you this, you already have what it takes to run a business.
If you are not part of the bootstrapping world, the proposition of this thread will seem absurd.
It will go against fundamental beliefs you
may have about business.
Let's get started.
What do all of these companies have in common?
@Atlassian @Mailchimp @1Password @basecamp
They didn't take on investors when they started.
People have different definitions of "bootstrapped," but in usually it means a business that does not take on investors to start.
It may have funding from the founders, or credit card/bank loans. Generally the idea is to be entirely customer-funded
What term do you prefer for tech companies that have not and do not plan to take any funding from external sources?
— Michele Hansen (@mjwhansen) August 15, 2020
Unless no one has ever told you this, you already have what it takes to run a business.