Can you work on a product yourself, get some traction, raise money and make it big still? TC 430k Yoe 14 #Google #meta #FAANG #Amazon #Cisco #Microsoft #Apple
There are tons of people doing it right now. Just check Microacquire
It’s now Acquire. Andrew is trying to get this domain name and it’s taking ages.
Right. I don’t know why he keeps coming up with those hedious 90s era logos and fonts though. I first thought he was joking but then he kept “iterating”
Work on my app every evening for a couple hours so I hope so. Not trying to release the next unicorn or anything like that but something that will let me quit my dumbass job and work on my own time.
Yes. Having a goal to build a passive income stream is a good one
Eventually you’ll have to raise money, but you might not need an angel investor to kick it off, specially with your TC, what you might need is a partner or two to split the bills, responsibility and risks… but I don’t see why you can’t, build an usable and viable product and when you get some traction you can raise at a much higher valuation for less %. Easier said than done, but I think if you have the skill and expertise it’s doable.
Thank you 🙏
All startups are bootstrapped initially.
raise money != bootstrapped. might want to reformulate your question
Bootstrap until cash flow and then raise money to scale as opposed to needing money from the get go.
that’s not what we mean when we say bootstrapping. that’s still very well within the VC funding model. of course it’s possible. why wouldn’t it be
Bootstrapping start ups are as possible now as they ever were. It's venture backed startups that are actually running into more problems now then in the past due to the expectations for venture backed growth being harder to achieve.
Raising money isn't bootstrapping. Just being technical with my definitions here
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Of course . Why do you think it’s not possible