Check section below:
โNo money/investment
As mentioned previously, bootstrapping has become an advantage. You keep your costs low naturally. You get 0 of the bullshit attached with VC money. You maintain full ownership over your product and its roadmap (where you want to go with it). You maintain full ownership over the equity so that when you sell it later, you'll get lots of money (instead of just a diluted 5% because VCs took the rest).
And in our times you don't really need a lot of money to build something yourself. A simple web server is $5/m. A code editor like Sublime Text is $80. To make iOS apps, XCode is free. A developer license with Apple is $100/year (or free now?). It's not a whole lot compared to the money you can make back from it if you get people to use your app and pay for it.
Bootstrapping has become a very viable option for most software-based startup ideasโ
I read almost the same a few minutes ago in โBootstrapping vs. venture capitalโ with the difference that Sublime Text is said to be free. Iโd deduplicate or at least make them consistent
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๐ MAKE book
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Completed
๐ MAKE book
Over 1 year ago
Get notified by email when there are changes.