Comment on After raising $125M at my last company, I’m bootstrapping this oneComments−squidlogic10yAs someone who is bootstrapping without a lot of personal capital to fuel operations, I have a hard time relating to this post.I almost want to invent another category for bootstrapped startups that have access to large amounts of personal liquid assets.Just think of the difference in strategic moves available to you if you have $1MM vs $10k to throw at a problem.Having said that, I applaud his efforts to try things differently, and even agree with a lot of what is in there.−soneca10yI thought bootstrapping meant only investing in your company with the company's revenue.If you have $10MM you are self-funded, not bootstrapped (sure, an initial self funding is always necessary, but it is easy to differentiate 10k and is 10MM).−s73v3r10yInitial money for stuff has to come from somewhere, and usually it's not the first customer.
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As someone who is bootstrapping without a lot of personal capital to fuel operations, I have a hard time relating to this post.
I almost want to invent another category for bootstrapped startups that have access to large amounts of personal liquid assets.
Just think of the difference in strategic moves available to you if you have $1MM vs $10k to throw at a problem.
Having said that, I applaud his efforts to try things differently, and even agree with a lot of what is in there.
I thought bootstrapping meant only investing in your company with the company's revenue.
If you have $10MM you are self-funded, not bootstrapped (sure, an initial self funding is always necessary, but it is easy to differentiate 10k and is 10MM).
Initial money for stuff has to come from somewhere, and usually it's not the first customer.