“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)
(Cont’d)
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Because “funding” isn’t binary... it’s fluid. At first it’s “self”-funded, but that could really mean salary-funded, client-funded, other-businsss-funded, wealth-funded, etc. Potentially you’re investor-funded. At some point you hopefully become customer/revenue-funded.
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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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Absolutely. But what I’m unpacking is that word and reasoning carries a lot of baggage. Sometimes people are “bootstrapped” and don’t have full control or ownership. Better to be clearer and fully understand the implications.
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