The 10k Bootstrap Challenge

#1

Post by alexandros » Wed, May 16, 2012, 2:00 PM UTC

The 10k Bootstrap Challenge
bootstrapchallenge.com

Re: The 10k Bootstrap Challenge

#2

Post by iusable » Wed, May 16, 2012, 2:09 PM UTC

Interesting idea.

Tiny typo. It should be 'live' not 'life'.

"So I'm betting £10k that I can build a portfolio of products which is profitable enough to life off before running out of money."

should be

"So I'm betting £10k that I can build a portfolio of products which is profitable enough to live off before running out of money."

Re: The 10k Bootstrap Challenge

#3

Post by voodoochilo » Wed, May 16, 2012, 2:14 PM UTC

curious already.

Re: The 10k Bootstrap Challenge

#4

Post by peteretep » Wed, May 16, 2012, 2:17 PM UTC

I may well be trying to do something similar in a year, so I look forward to seeing how you do! Good luck.

Re: The 10k Bootstrap Challenge

#5

Post by roman_m » Wed, May 16, 2012, 2:20 PM UTC

peteretep wrote: post #4

I may well be trying to do something similar in a year, so I look forward to seeing how you do! Good luck.

Same for me, good luck!

Re: The 10k Bootstrap Challenge

#6

Post by tobydownton » Wed, May 16, 2012, 2:23 PM UTC

People love start-up stories and case studies, this will be a real-time version, I'm off to make some popcorn, best of luck!

Re: The 10k Bootstrap Challenge

#7

Post by clarky07 » Wed, May 16, 2012, 2:37 PM UTC

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.

Re: The 10k Bootstrap Challenge

#8

Post by mendable » Wed, May 16, 2012, 2:38 PM UTC

Nice idea.

What is the product you are working on?

You talked about about the numbers, but some general idea of the app would be interesting if we are going to follow along with your progress.

Re: The 10k Bootstrap Challenge

#9

Post by CharlesPal » Wed, May 16, 2012, 2:42 PM UTC

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 does seem a bit aggressive.

Re: The 10k Bootstrap Challenge

#10

Post by masanqi » Wed, May 16, 2012, 2:43 PM UTC

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.

Please do. Sounds like it could be very helpful.