“Bootstrapping” as a term doesn’t make sense anymore.
As someone who’s “self-funded” everything for 6 1/2 years, I’ve always tried to say that: self-funded (@hnshah told me that)
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So “bootstrapping” is mostly obfuscating the source of the funding or bill-paying. I’ve been staunchly “self”-funded, but that really meant clients and my
$twlo stock. So someone else helping with funding until our revenue grows doesn’t seem crazy when it’s framed that way.
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Related: we interviewed at YC two weeks ago and didn’t get it (probably for the best!). We Also entertain the idea of alt-VC or other investor funding occasionally, but it’s a tough sell at our early pre-launch stage without much data.
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But, overall, it’s difficult to stay focused on providing value to and funding more customers when you’re constantly trying to top off the next round of “self”-funding. A lot to figure out in there for us so-called bootstrappers over the next few years.
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