Re:No Venture Capital Needed, or Wanted
by mdorazio on Thursday June 02, 2016 @08:06PM
(#11827316)
In Amazon's case? I doubt it. The costs associated with starting and scaling a business like Amazon are just too high to bootstrap effectively. But a SaaS company or software product company (i.e. change "bookstore" to something else)? Absolutely.
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Amazon was started in a bootstrapish way with about $200k from Bezos, his parent and loans. The code was written in C by Bezos and two other guys in his garage. Once they launched they had to raise money to scale though.
Re:No Venture Capital Needed, or Wanted
by rorykoehler on Thursday June 02, 2016 @11:32PM
(#11828121)
$200k is not bootstrapping. That's still a great amount for a seed round in most places in the world.
Re:No Venture Capital Needed, or Wanted
by Lordarminius on Friday June 03, 2016 @05:36AM
(#11829227)
$200k CAN BE bootsrapping. Bootstrapping is running your business with personal funds and not receiving or accepting external money.
By this definition Bezos was not bootstrapped.
Re:No Venture Capital Needed, or Wanted
by rorykoehler on Friday June 03, 2016 @12:42PM
(#11831399)
You're right. There should be a another terms for it though because 200k is 200k if you put it in yourself or took it from a VC. The last company I started we had €20 starting capital which we spent on a domain name and a server. Clearly there is a huge difference between those 2 cases as we had to be profitable from day 1.
Re:No Venture Capital Needed, or Wanted
by Lordarminius on Friday June 03, 2016 @02:55PM
(#11832394)
I agree. Bootstrapping has come to connote "small sums" as opposed to self-funding.