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Re:Ask HN: Early startup valuation for acquihire? by perlgeek on Sunday July 12, 2015 @03:24PM (#9874575)
> but neither is shipping a product yet.

I wouldn't call it "bootstrapped", then.

For me, a company is bootstrapped if it makes enough money from its products to sustain itself and its founders/employees.

Re:Ask HN: Early startup valuation for acquihire? by greglindahl on Sunday July 12, 2015 @03:45PM (#9874661)
I've never run into anyone who's defined it the way you do; everyone I've heard define it does it in terms of not yet having taken a cash investment from a non-founder.

"We've bootstrapped the company so far, but we don't think we will ship a MVP without taking at least a seed round" wouldn't draw any protests of misuse, in my experience.

You are correct that most bootstrapped companies that have launched end up supporting themselves; that's survivor bias in action.

Re:Ask HN: Early startup valuation for acquihire? by jwatte on Sunday July 12, 2015 @06:17PM (#9875234)
I'm more used to three previous definition. I would say those companies have tried to bootstrap, but bit successfully achieved it. Of you are a successfully bootstrapped business, you achieved goals without taking outside investment money.