Re:What I learnt after burning $10M as an entrepreneur
by twelve40 on Wednesday March 31, 2021 @07:50AM
(#26646024)
That's an excellent point about definitely spending way over what's usually understood as bootstrapping. However, one could counter-argue that bootstrapping would have made this even more painful, and this market is just not cut out for it. Kind of like you can't really bootstrap a Facebook replacement today, VC money, personal wealth or not.
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Re:What I learnt after burning $10M as an entrepreneur
by randomsearch on Wednesday March 31, 2021 @05:12PM
(#26653252)
> you can't really bootstrap a Facebook replacement today
why not?
Re:What I learnt after burning $10M as an entrepreneur
by OmegaPG on Saturday April 03, 2021 @07:00AM
(#26679976)
Probably because server usage alone will be $50k/month for just few million users. Customer oriented products (B2C, C2C) rarely makes money in initial days.
Re:What I learnt after burning $10M as an entrepreneur
by randomsearch on Monday April 12, 2021 @05:16PM
(#26785314)
You're assuming you would give away your Facebook replacement for free, and not make any money from it up to millions of users.
Just because Facebook began that way doesn't mean its replacement must.
Google Docs was free when Word was downloaded and paid for.
Whatsapp was paid for when other chat was free or included in your contract.
There are many business models and ways to grow. It's hard, but I think you could bootstrap a Facebook replacement... over a very long time!