> In the current environment, a bootstrapped company should ideally be: (a) niche (and therefore outside the traditional VC market crosshairs) (b) profitable from day one.
The fact that it is bootstrapped prevent it to operate without being profitable. That is tied to the definition of bootstrapped.
On a more nuanced tone. You can be bootstrapped in the note-taking space. Yeah this specific guy did not manage to do it. But he is a specific case (Excluding the fact that he had 10M of cash, who has that ?). He wanted the differentiation point of his company to be the product and only product. This is a pretty risky strategy to follow. Usually you want to differentiate yourself in several areas.
Seriously any company that goes out of business because of another company doesn't tell you the full story. There are very very few areas in which you will go out of business because of another company competing with you, and certainly note-taking, a space populated with thousands of companies
> He wanted the differentiation point of his company to be the product and only product. This is a pretty risky strategy to follow. Usually you want to differentiate yourself in several areas.
What ways can you differentiate yourself? I mean he admits that Asana was VC funded and started with a crappy product that later became fleshed out to be better than his by hiring better devs, better designers, etc. While he was focusing on marketing and whatnot, Asana was burning VC money for marketing and hiring a better team. So yeah, honest question, did I miss out on any other factors?
The fact that it is bootstrapped prevent it to operate without being profitable. That is tied to the definition of bootstrapped.
On a more nuanced tone. You can be bootstrapped in the note-taking space. Yeah this specific guy did not manage to do it. But he is a specific case (Excluding the fact that he had 10M of cash, who has that ?). He wanted the differentiation point of his company to be the product and only product. This is a pretty risky strategy to follow. Usually you want to differentiate yourself in several areas.
Seriously any company that goes out of business because of another company doesn't tell you the full story. There are very very few areas in which you will go out of business because of another company competing with you, and certainly note-taking, a space populated with thousands of companies