|
|
|
|
|
by mottomotto
3154 days ago
|
|
It hasn't been very scary. It's been pedestrian to be honest. I faxed in some details with my credit card, got an account setup with the state, sent in my business paperwork, paid the fees and... Company started. I did this a couple years after getting the product going. I waited until we actually had checks to cash that required a business checking account. After I had my paperwork from the state, I got a FEIN online, filed my federal tax return for last year (no income), and opened a business checking account. There isn't any magic to it. If you add VC money into the mix, odds are you will fail and have a lot of stress failing. Or you can go bootstrap something and have a lot less stress and still be successful even if your company only makes $400,000 - a couple million a year. Odds of success are still not extremely high. But I think it's a better angle. I moved to the SF Bay Area and worked at startups for a while to get a feel for if I was wrong to think bootstrapping was better. I left much more assured that I was right. |
|