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by simonswords82
4549 days ago
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We bootstrapped our app www.staffsquared.com. While there are limits on what we can do using profits from our main business and income from the app as it grows, I love the fact that we got the app off of the ground organically. I think spolsky said that when you bootstrap you can only grow the business in line with revenue - which is of course true and a difficult trick to pull off. I think more importantly, the process of bootstrapping forces you to go about recruitment, sales, marketing, development etc etc in a way that is more innovative (as opposed to just throwing money at problems to make them go away). While you won't want to scale a company using these money saving techniques, they are still excellent tools and skills that can be applied to a business at any stage and put the founding team in to a mindset of sustainability. |
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I've been hearing of startups taking on client work as a means to fund products. Is that essentially what you guys did? I think It's a noble way to bootstrap but am curious of the implications that stem from splitting your time between client and product.