Bootstrapping Atlassian: $10k In Credit Card Debt To $20M In Revenue In 5 years • Hacker News Board

Re: Bootstrapping Atlassian: $10k In Credit Card Debt To $20M In Revenue In 5 years

#61

Post by garrickvanburen » Tue, Jun 27, 2023, 6:14 PM UTC

newaccount74 wrote: post #26

garrickvanburen wrote: post #20

Earlier quoted context omitted.

Start with sales. It may take a few of months ( In my experience, almost all new businesses price far too low in the early days.

I started my business with a product that cost 5€. There's no single path to success, there are a million ways to start a profitable company.

Charging anything is more than many new businesses charge.

Re: Bootstrapping Atlassian: $10k In Credit Card Debt To $20M In Revenue In 5 years

#62

Post by gabereiser » Tue, Jun 27, 2023, 8:37 PM UTC

waihtis wrote: post #14

gabereiser wrote: post #11

Earlier quoted context omitted.

Every open source developer has been asking this question for the better part of three decades. Possibly four.

I think there's still a difference of using small libraries which contribute to a single or couple functions here and there, versus taking an entire open source product and wrapping a commercial structure on top of it. Could be hypocrisy on my behalf though

Those small libraries of “Hey, I figured this out so you don’t have to” aren’t asking for $10,000/mo. in support. The issue is open source software projects that become monetized by another company as a product for profit without following the Red Hat model of supporting the project.

Re: Bootstrapping Atlassian: $10k In Credit Card Debt To $20M In Revenue In 5 years

#63

Post by Mandatum » Tue, Jun 27, 2023, 9:28 PM UTC

wooque wrote: post #58

Still not profitable after 20 years, so I wouldn't call this success. I can make millions in revenue by selling dollar for 50c as well.

It’s certainly been profitable for the founders who’ve been selling millions of dollars in stock every few weeks for the past year.