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How we bootstrapped our SaaS to $1M ARR

scrapingbee.com

111–120 of 159 posts

Re: How we bootstrapped our SaaS to $1M ARR

#112

Earlier quoted context omitted.

As another bootstrapped founder, I disagree with you. "Our standard terms are for 10-12% equity." The moment you give equity in exchange for money no matter whether its tinyseed or whatever, you are not bootstrapping. Your financial risk is lower because you don't have to pay this money back if your company fails. That is not called bootstrapping. I bootstrapped with my own money AND some smaller loans which I am ful…

My 2c as a bootstrapping founder (who has not taken outside money): I don't think there is any virtue in funding your business with your own money. Call yourself bootstrapped or funded, what ultimately matters is that the business survives and thrives.

Sure, but words have meaning and bootstrapping is specifically about not selling ownership for cash

Re: How we bootstrapped our SaaS to $1M ARR

#113
Félicitations les gars ! Très jolie photo de Castres. Signé un ingénieur informatique toulousain passionné d'APIs et expert JS dont le but ultime est de vivre la même aventure que vous : aider les gens à résoudre un problème grâce à un SaaS qui me permette d'en vivre. Actuellement bloqué au step 0 : trouver une douleur à résoudre dans une niche. Respect, et merci pour l'inspiration. Bravo.

Re: How we bootstrapped our SaaS to $1M ARR

#114

Awesome story and congratulations! You recommended Rob Walling’s book, Start Small, Stay Small, but what else can I read? And where do “indie hackers” like you hang out on the internet, so that i can learn more about how to do this myself? Any other resources worth sharing?

> And where do “indie hackers” like you hang out on the internet, so that i can learn more about how to do this myself?

https://www.indiehackers.com coined the term I believe

Re: How we bootstrapped our SaaS to $1M ARR

#115

Earlier quoted context omitted.

My 2c as a bootstrapping founder (who has not taken outside money): I don't think there is any virtue in funding your business with your own money. Call yourself bootstrapped or funded, what ultimately matters is that the business survives and thrives.

Sure, but words have meaning and bootstrapping is specifically about not selling ownership for cash

.

Re: How we bootstrapped our SaaS to $1M ARR

#116

Earlier quoted context omitted.

Sure, but words have meaning and bootstrapping is specifically about not selling ownership for cash

.

i don't understand what there is to argue over, i am just saying what the word means.

Re: How we bootstrapped our SaaS to $1M ARR

#117

Awesome story and congratulations! You recommended Rob Walling’s book, Start Small, Stay Small, but what else can I read? And where do “indie hackers” like you hang out on the internet, so that i can learn more about how to do this myself? Any other resources worth sharing?

"Small Giants: Companies That Choose to Be Great Instead of Big" is interesting. Most of the companies features are outside the tech industry.

Re: How we bootstrapped our SaaS to $1M ARR

#118
post #63
post #56

Earlier quoted context omitted.

Bootstrapping means you funded the entire thing out of pocket without any outside investment. There's nothing bad/wrong about how you did it, but it's not bootstrapping. Saying it is makes it confusing for newbies which means they're more likely to be taken advantage of by VCs that realize they can market themselves as a "bootstrapper fund."

Thinking about it in such binary terms is quite limiting and unhelpful though. It's a spectrum. I would consider ScrapingBee closer to a bootstrapped company than a venture-funded company. Heck, by your definition if I took $5k of friends & family money to start a business that grew to $5M ARR,I could not call that "bootstrapped". This is why Rob Walling (co-founder of TinySeed) likes to use the term "fundstrapped".…

> This is why Rob Walling (co-founder of TinySeed) likes to use the term "fundstrapped".

My exact point. It's just wordplay.

Re: How we bootstrapped our SaaS to $1M ARR

#120

Earlier quoted context omitted.

> It's ridiculously hard to get to $1M ARR This is a blanket statement and it’s very wrong. Know better than to look at revenue versus profit. Then again, Silicon Valley seems to have long since given up on that idea!

Right, sure, silicon valley doesn't know how to turn a profit. /s

Is that what I said? I don't think that's what I said.

What I actually meant to say was that SV investing has ignored profit and looked at revenue for a while now.

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