As a bootstrapped founder, the whole post resonated a lot. In fact, I felt like I was him in many situations that he was describing (e.g. something breaking on a Friday with angry customers while your wife is pissed at you for not helping her with stuff).Reply
Bootstrapping is tough, especially when you finally build a product and get a paying customer only to read about founders raising $mn without an MVP. Comparison with FAANG jobs are meaningless to some degree because the value of freedom and creating a business is so much greater than the value of a comp package. Also, corporate BS. As a founder you only have to deal with your own BS!Reply
Really enjoyed reading. This also resonated with me as a bootstrapped founder.Reply
Great read, thanks for sharing. Particularly reading about founder stress is cathartic.Reply
Definitely, an MVP of a broader vision might get a "who cares" reaction. However, how much time/money will it take to get to the broader vision? There's no simple answer.Reply
The opportunity cost is a big deal, and will gnaw at you the longer you're bootstrapping (+ consulting, which is typical) without making up the difference with sale of the company or an even bigger salary.Reply
> Giving everybody equity on the same terms as the founders
Do most employees want the sort of high-risk, high-reward equity that founders have? I would think employees wouldn’t want to have so much risk, especially because they don’t control the company.Reply
Thanks for sharing that story!
I’ve been using outseta (free) for the last couple of months as I build a product using it and it has been pretty straightforward, and has really pushed me from my inefficient “build-it-yourself” to “just buy it and save months of development work!”
I find really interesting how you found out that most of what you do is customer support instead of marketing, since for me marketing is the thing I don’t know how to do, and honestly the thing that terrifies me… :)
Good luck in the rest of the journey!Reply
I wonder what percentage of "bootstrapping" ends up being a fear of diving into the world of venture capital rather than a rational choice that makes the most sense for a growing organization.
There's a simplicity to bootstrapping, for sure, but how many bootstrapped startups could, objectively, grow faster and meet their goals more easily with outside funding?Reply