Re:What I learnt after burning $10M as an entrepreneur
by hn_throwaway_99 on Wednesday March 31, 2021 @06:38PM
(#26654053)
I think it's really less about the total dollar amount than the timing.
That is, obviously bootstrapped founders need to put in some money (i.e. they'll probably need to pay something to a cloud or infrastructure provider, etc.) but the point is that once they have those initial, relatively low costs, they don't increase their spend until they have the revenue to cover it. That was not the case here, where the founder was enabling more growth and expansion by plowing more of his money in month after month.
That is, obviously bootstrapped founders need to put in some money (i.e. they'll probably need to pay something to a cloud or infrastructure provider, etc.) but the point is that once they have those initial, relatively low costs, they don't increase their spend until they have the revenue to cover it. That was not the case here, where the founder was enabling more growth and expansion by plowing more of his money in month after month.