It's not my startup (I'm an employee, not a founder), but I'll put in a shout out for R Systems, a bootstrapped startup providing high-performance computing resources. (http://www.rsystemsinc.com/)
Who is living off their startup fulltime?
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Re: Who is living off their startup fulltime?
#92When I started out in 1999 my business partner and I took $1,200 and turned it into $1M (revenue) in 12 months...100% online sales. We started out buying 3 beat up laptops, fixing them and selling them. Within 6 months we were buying containers (semi-truck loads) of off-lease laptops and shipping up to 150 a day. 60-70% profit margins. We grew for a couple of years and then we ran into our first wall. By 2003, our pr…
Awesome! What is the site doing $400k annually?
Because I shared some sensitive data, it is probably a good idea to keep the name of our site to myself (for now).
Re: Who is living off their startup fulltime?
#93I cofounded Nektra Advanced Computing (http://www.nektra.com) in 2003. It was self-sustaining after some months (we started while we were working on different organizations, and we quit our jobs after reducing the financial risk).
We grew to 12 full time employees and found a niche that progressed to other lines of business. Our company was able to have some Fortune 500 customers and sell windows internals services to them. It was everything accomplished without a previous business network, just selling solutions via our web page.
Re: Who is living off their startup fulltime?
#94http://www.coolestfriends.com until about a week ago when the "New MySpace" launched.
Re: Who is living off their startup fulltime?
#95Re: Who is living off their startup fulltime?
#96Ramen Profitable off my several Websites. The big one that makes the most is http://utopiapimp.com (freemium), but several other websites I created are also helping out with the costs.
Others included: http://demotivatedposters.com http://itfeelslike.com http://drinkingfor.com
Re: Who is living off their startup fulltime?
#97I am. I don't know if I'm technically a startup; right now it's just me doing freelance iOS development, but it's paying the bills.
It's awesome when anyone can make a living doing what they choose. But for practical purposes, I think most people think of "living off their start-up" as making money from things other than an individual doing contracts/hourly work; in other words, a product or service that can scale in some sense. If you were making money by paying others to do the work, that would be a different story!
I actually agree, and i'm taking steps to make that happen and move from a freelancer to a sustainable boutique iOS development shop. That's more startup-y, right? :)
Re: Who is living off their startup fulltime?
#98http://www.bingocardcreator.com/stats/sales-by-month I quit my job in March, and could survive on my fairly modest revenues indefinitely. (I have done some consulting on the side in the interim, which is nice, because it means I don't have to make any hard choices like "Proceed at maximum speed on the business or go home for Christmas?") The next product comes out at the end of November or thereabouts. I am cautiousl…
I was listening to your podcast yesterday at the office. Very insightful, especially the idea of launching the business in 8 days...
Re: Who is living off their startup fulltime?
#99While were not a "traditional" SaaS type of startup we've managed to turn bandsonabudget.com into a full time gig for myself, my partner, a full time employee, and a number of part timers. I supplement income w client development work and consulting but have been gradually phasing that out of the equation as we've grown... We have yet to take any funding and completely bootstrapped the company ourselves...
Re: Who is living off their startup fulltime?
#100living off your startup: it has revenue, it's being used to cover all it's own costs, including paying you some money which you are then using for food, shelter, utilities, etc.
startup living off you: it's costs are being paid out of an account that you personally funded. it is not in the black yet.
you/startup living off investors: it's costs (including possibly paying you a "salary" of some kind) come out of an account which was funded by investors -- other people's money, not from you and not from customers