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The 10k Bootstrap Challenge

bootstrapchallenge.com

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Re: The 10k Bootstrap Challenge

#21

Post by beck5 »

CharlesPal wrote: post #15
Hannan wrote: post #13

Earlier quoted context omitted.

Living in London was quite expensive for me. He estimates four months: "All my expenses come from the £10k but I can only make money from products (e.g. no consulting). London is expensive, so this gives me about 4 months."

Spending £2.5k/month to live in London? In your experience, how accurate does that sound?

That is living an fairly decent life. You could scrape on £1k a month if you really wanted to.

Re: The 10k Bootstrap Challenge

#23

Post by freshfey »

CharlesPal wrote: post #9

I'm very curious about this guy's background. He seems to have experience in product development, marketing and customer acquisition. Having said that... I'm not sure how long ~16k USD (10k GBP) lasts in London but here (Boston) that would not give too many months of runway. Not using consulting for at least a short time he is giving himself a small window for success. I wish him the best of luck but his approach doe…

According to this video [1] he knows a little programming.

[1]: http://www.youtube.com/watch?v=A0mfw69iQEI&feature=chann...

Re: The 10k Bootstrap Challenge

#25

Post by rythie »

CharlesPal wrote: post #15
Hannan wrote: post #13

Earlier quoted context omitted.

Living in London was quite expensive for me. He estimates four months: "All my expenses come from the £10k but I can only make money from products (e.g. no consulting). London is expensive, so this gives me about 4 months."

Spending £2.5k/month to live in London? In your experience, how accurate does that sound?

It's fairly common to pay at least £1k/month for a one bedroom flat in central London.

Re: The 10k Bootstrap Challenge

#26

Post by gawker »

clarky07 wrote: post #7

I did this about a year ago. It took me about 2 months to get self sustaining and 6 months to reach my previous salary. Been thinking about writing it up, maybe I should go ahead and do it. Good luck, living off income from things you make is a great thing.

Would love to hear about it and how it has changed your life.

Re: The 10k Bootstrap Challenge

#28

Post by HarrietJones »

HarrietJones wrote: post #27

I'm sort of doing this. I'm 4 months in, I've had one scrapped project, one failed project and one project which isn't really taking off. I'll be watching this with interest.

What I should have done is posted the fact that I'm doing the same to Hacker News. I'm guessing that if his blog gets enough traction, he'll succeed. Not because the product is great, but because this "10k GBP - can I make money" sideproject brings in the eyeballs.

Re: The 10k Bootstrap Challenge

#29

Post by bergerj »

CharlesPal wrote: post #9

I'm very curious about this guy's background. He seems to have experience in product development, marketing and customer acquisition. Having said that... I'm not sure how long ~16k USD (10k GBP) lasts in London but here (Boston) that would not give too many months of runway. Not using consulting for at least a short time he is giving himself a small window for success. I wish him the best of luck but his approach doe…

Living in the upper midwest US, 16k USD would probably give me a 16-month window. That's for a 1-bedroom apartment @ ~$500/month. Living in a 3-Bed w/ 2 other roommates would take it down to ~$300.

Brutal winters, though..

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