The secret formula to growing your startup: 1-10-100

All startup founders dream of the following scenario: You press the big red “launch” button. Your app (or whatever) goes live. The user counter is spinning like crazy, and your user graph shoots straight up like a rocket. You’re getting so many users that you have to rush to allocate more server power and load-balance like your life depends on it.

Unfortunately, this is what happens to most software startups: You open your app to the public. Realizing that you can’t count on luck to help users find it, you post on Hacker News, Reddit, and Product Hunt. But even that seems insufficient, so you post on Twitter and splash down $1K on Google ads. You track your user graph with anticipation, but all you see is a tiny blip. You panic, “Crap, I just spent the last few months working on my awesome idea, and my friends and family invested more money than they could afford in this venture. I was certain this was going to be a hit, and now I’m going to have to tell them their money is gone. There is no way I’m going to be the next Facebook/Snap/Uber now.”

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Bootstrapping. What is it, and is it right for you?

There is a growing movement to “bootstrap” startups, and that can be a wonderful path. However, there are a number of factors that make some startups much more suitable for bootstrapping than others. Moreover, there are some key negatives as well as positives that founders should consider before committing to bootstrapping.

In this episode of Startup Basics, Kimmy and Sergio discuss what is “bootstrapping” and things to consider before choosing this path.

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