Ask HN: When bootstrapping a startup, what are some ways to keep the lights on?

Re:Ask HN: When bootstrapping a startup, what are some ways ... by hawkice on Friday April 21, 2017 @05:38PM (#14169626)

Say you have a money back guarantee period (30 days seems reasonable), and if they push and you feel it's worth it still, offer to extend the money back guarantee period. If someone wants a thing but absolutely will not pay for it, that's typically resolved by them not getting it.

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Re:Ask HN: When bootstrapping a startup, what are some ways ... by sherm8n on Friday April 21, 2017 @10:32PM (#14170838)

Hmm, is there a reason for NOT offering a guarantee?

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Re:Ask HN: When bootstrapping a startup, what are some ways ... by hawkice on Friday April 21, 2017 @11:51PM (#14171035)

I'm not aware of any good reasons, but I think GAAP standards say you can't recognize the revenue until the returns period ends? I think standard wisdom is to not have an official policy so as to keep the books simple (and maybe to avoid the downside I can't think of for returns periods) but use refunds pretty aggressively in support?

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Re:Ask HN: When bootstrapping a startup, what are some ways ... by GoldenMonkey on Sunday April 23, 2017 @02:50PM (#14179713)

Your company should be on cash-basis accounting. Unless you have a need for accrual based. When you file corporate taxes, you list the method of accounting you are using.

Cash basis:

Cash in hand, recognized. Cash out, recognized.

Keeps it simple :)

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