How to successfully bootstrap a startup ? Launching a Startup on a Tight Budget
Anton Chereminskiy
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Alexey Anshakov@alexey_anshakov
I apologize for the self-promotion but consider utilizing https://course.wr.io/ or any other course that focuses on your mentioned topic.
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Build it in public.
Seek to be profitable from day one.
Adapt a business model that focusses on cash flow.
Be innovative, minimise spends(this includes hiring).
Utilize community focused platforms like product hunt and reddit.
Grow a sizeable business.
Put profits into ads or
Get acquired on Acquire.com, finally you have budget for the next big project.
We bootstrapped for a LONG time as we were figuring out what exactly would solve the problem of burnout. We did paid pilots, worked part time, and did 500+ interviews. Today, we launched on product hunt!! App is called Burnout Bot - check us out!
Now we feel like we can really deliver value, and that is HUGE for feeling ready for proper VC fundraising.
Warmup Inbox
I did bootstrap QApop 2.0 and recently successfully exited.
A few things help:
- focus on channeles which consumes time rather than money: for us posting answers on Quora worked quite well
- run product hunt early on with a life time deal to raise funds: https://www.lunadio.com/blog/we-...
- leverage affiliate: it is nice that it doesn't have upfront cost. You can check out the product that I'm hunting today for some help on this topic