Excited to see so much innovation in the bootstrapping community about funding things. One of N teams I'm aware of working on this just announced:https://earnestcapital.co/funding-for-bootstrappers/ …
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Software businesses are particularly "weird" by the standards of traditional finance because they're insufficiently professionalized to be modeled like a doctor's office and they typically are extraordinarily asset light and inventory-nonexistent, which complicates underwriting.
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I think this is also a reflection of the same underlying dynamic which drove the profusion of angel investing in the SFBA: exits create ecosystems. Specifically, the market for smallish software businesses has become quite liquid in the last few years.
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That both creates opportunities for owners to eventually turn ownership into money *and* has some very savvy, very bored ex-operators sitting around with money in their pockets and deep, deep understanding of what a business with 2.3% churn and $450 monthly ARPU is worth.
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How about
@robwalling s new virtual incubator for funding? -
Yep, that's another announced one I'm aware of, but the general point is "There's literally billions of dollars trying to get into the next Google but rounds-to-zero dollars attempting to get into the next [name any company at MicroConf]."
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