Bootstrapping
When I was first starting out, I had the same mentality as most — that seed funding and big exits were the only way to make money… but now I think there could be an alternate path to starting up — “Bootstrapping”. This article gives me a lot of inspiration.
Get Jonnie SkyWalker’s stories in your inbox
Join Medium for free to get updates from this writer.
Only a percentage of people who try will actually get funding. Then, only a small percentage of those VC-funded startups generate any revenue at all. An even smaller percentage of those have an exit where founders walk away with cash that covers the time, salary and opportunity cost they invested in it. At the end of the day, the number of people with money that gives them financial independence is statistically negligible.
Now, I just wanna have fun building a business that is profitable from day one instead, and only start to scale when revenue starts to come in — it’s perfectly fine to seek investment later on once we have established a healthy rate of growth.
