bootstrapped startups

“In fact, there can be even added opportunity in big economic bust times. You'll see all, you know, how many great companies came out of 2001 that were Almost bootstrapped or just had tiny amounts of funding, and then once the economic cycle comes back, these t…”

“Oftentimes when I see bootstrapped or mostly bootstrap companies with three or four co-founders, usually they're too many. Usually there's at least one too many and there's like a weak link. There's someone who's not Maybe holding up there”

“A lot of successful bootstrap startups are unfortunately because they cannot invest and their growth is slowed down. When they do want to exit, they only can exit at like one X or 1.5 X of their ARR.”

“Is to make the economics work, it will have to be different than, certainly than Silicon Valley, but even than, like, the tiny seeds in the indie.vcs, you would be at a level, I would say a level lower, just in valuations, in order to make the economics ever w…”

“And so for us, it seemed easier to go in a very competitive market. You know, there's demand but where we can just grab that small percentage of the market. And if we can manage to do that, that's already huge for us because, you know, we're so small, we don't…”

“I've often said that funded startups fail when they run out of money, and bootstrap startups fail when the founder runs out of motivation.”

“My thing is, if you don't have millions of dollars and three to five years, To build a category, to start one, don't do it, right? And that's why most of us say it, because we have seen more, a lot more folks fail at it than not.”

“And frankly, they shouldn't be called a co-founder two years in. They're not They're not founding anything anymore. They are a business partner that is being added, and you can call them a founding engineer if they're coming on as an engineer or founding whate…”

“Funded startups fail when they run out of money. Bootstrap startups fail when the founders run out of motivation.”