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Ask HN: Bootstrapped business is good but slow growth. Should I raise money?

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Re: Ask HN: Bootstrapped business is good but slow growth. Should I raise money?

#41
post #22

Earlier quoted context omitted.

It's hard only if you are being very stingy about the money. Have you considered taking them in as a partner (which they are as employee < 3)

Not stingy, just picky. I have an offer at for $60k base with $100k on-target earnings. I wouldn't say that's stingy at all.

Depending on whether or not you need a "localized" sales guy and where your location is, isn't $60K a lot of money for Americans too?

I would think that finding "one perfect guy" may be the ideal tactic in an ideal world, but when one wants to scale a business to go from $7000 p.m revenue to even a modest $21,000 p.m, then even 'mediocre' sales people that speak well enough in your chosen language of your market could sell your product.

$60K could probably hire 3 people from East Asia?

Re: Ask HN: Bootstrapped business is good but slow growth. Should I raise money?

#42

If it were me I would rather be bootstrapped but take a little longer to get there. To me there's no point in swapping a boss for an investor. I see you mentioned that you already have videos & training materials for users. I would start to document how you do the onboarding in person so you can teach it to someone else. Don't underestimate the value of high-touch sales. It shows that it's working for you. With you c…

Here's a great podcast on high-touch sales http://www.kalzumeus.com/2014/07/24/kalzumeus-podcast-episod...
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