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by yawnxyz 1608 days ago
We've been bootstrapping our weird tech/bio/techbio startup for the last four years... it's NOT EASY at all, but we've made it to the point that we're ramen profitable (For now) and it's kind of an amazing feeling.

Of course I'm making like 1/5 I would at a tech company, but we're literally saving people's lives, and that really makes up for not making as much.

2 comments

Kudos to you! In that time did you ever feel that you were being unfairly compared to certain unicorn startups as you were becoming profitable?

How does the reach of FAANG and their financial clout make it difficult when you're hiring devs?

You may not want to hear this but four years is way too long to reach ramen profitability and it’s not a good signal for future success of that startup.
Could you please state a source or elaborate your reasoning? That is a very bold claim, especially since biotech in particular has quite high costs. Note also that the objectives may be different (e.g. save more lives, versus maximize profits early).