Hear me out: if you want to bootstrap a startup, look at where all the investors are pouring money and do the opposite. If you want to bootstrap, you can't compete with the cash-as-a-moat strategy anyways. And it's a signal that maybe that kind of company isn't really bootstrap-able. I'm not saying invest in a dying industry though. Still do your research. But compete where throwing tons of cash at problems isn't the primary game being played. In short, think of which game you want to play, and find the playing field where that strategy will actually win. Tell me why I’m wrong. I want to hear counterarguments. #bootstrapping
Gabe Colburn
7mo
Chris, as you know I bootstrapped my company to find product market fit. Now that I had that fit and needed to grow, I took on investment for growth. I’m trying to focus on where there isn’t hyper competition however. There could always be more competition down the road, so we have to try to stay ahead. If you know what to do, then extra investment cash is useful to accomplish goals. If you don’t know what to do, then burning through cash is most often a waste for everyone.
Web tinkerer. Exploring.
8moIt’s not a bad strategy. Here’s my potential counter. Taking a different approach in a field where a bunch of people are using investor cash to educate and promote a concept to the market can make for an area that you can sell into. You have to nail product and sales.