I think that the common thread for many businesses that have bootstrapped to high-profit profitability in very short order, with little startup capital is enterprise software that the founding team has either A) created and has a very good unique value proposition or B) services very well and in either case, has dedicated sales staff.
Most other businesses take a fair amount of money for either equipment or marketing. Logik talks instead about how it's first sale was around $45,000.
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That one is Logik and the other one is Campaign Monitor
http://37signals.com/svn/posts/2342-bootstrapped-profitable-...
I think that the common thread for many businesses that have bootstrapped to high-profit profitability in very short order, with little startup capital is enterprise software that the founding team has either A) created and has a very good unique value proposition or B) services very well and in either case, has dedicated sales staff.
Most other businesses take a fair amount of money for either equipment or marketing. Logik talks instead about how it's first sale was around $45,000.