Re:Ten Years of Bootstrapping: Lessons Learned
by sologoub on Thursday September 05, 2013 @02:53PM
(#6336074)
I think the author is assuming that the readers know exactly what happened in 2008. The crisis is referred to implicitly here: "Markets that were closing 20 referred deals per year in 2006 turned into 1 or 2 closed deals by 2009."
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Re:Ten Years of Bootstrapping: Lessons Learned
by zach on Thursday September 05, 2013 @02:55PM
(#6336092)
Oh whoops, he does say "as the housing market collapsed" there. Thanks for pointing that out. I guess I skipped a line because the text was all the same color.
It does seem like it wasn't as bad for them, seemingly because this was in a non-bootstrapped phase. So clearly, that's a classic example of when having investors gives your company much-needed shock absorbers.