[codegeek]

You seem to misunderstand what the word "bootstrapped" means and I don't mean disrespect. Just because he put $55K of his own money does not make it any less bootstrapped. In fact, that is the definition of bootstrapped. He used his own money. He did it fulltime. You seem to have this notion that to bootstrap a business, you have to start from $0 or perhaps a very small amount.

DISCLAIMER: I bootstrapped a business with similar amount to his but nowhere near his level of success (embarassing but happy with what I have done so far in 2.5 years). We are a much smaller team though so yes, I have not spent too much on growth yet.