Cloudbrain

Bernard Lunn at Read/WriteWeb has ten great tips for starting a company without taking outside funding.  Of course, the most important tip is have a product that makes money.  “Bootstrapping” or “self-funding” does not mean putting up your own money and risking your family and future.  The strategy is simple:  release a product people want to pay for and grow from there.

I’m not sure I agree with “don’t bootstrap and then take VC funding”.  There are a lot of situations where this could work: expanding into a new market, for example.

I’m a huge believer in charging for something that is worth while.  I fully believe Facebook could have charged all their users and  then taken over the world (a $0.99 text message phone-bill charge to each user to enable viewing of their friend’s pictures would have met little resistance and would have generated an ungodly amount of money).

This entry was posted on Friday, October 26th, 2007 at 9:13 am and is filed under Cloudbrain. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.