Doing It Differently in Silicon Valley: A Conversation with Basecamp’s Jason Fried
Rosebud Communications
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the one item that I always agree with Jason on is bootstrapping. Go out and get your clients first and bring in that damn revenue. This proves you have a product that’s worth developing. you’re not lulled into a false sense of security living on others peoples money while you’re still trying to gain traction and make your first sales. It’s a built in sense of delusion.

If I bootstrap I don’t need a board thank you very much. The last thing I want to do is answer to a group of people constantly that want to micromanage my business where they’ve invested money in it. I’d rather spend that time building it and not dealing with the politics.

VC money is like crack, once you get started, you can’t stop. There goes your equity position and everything that you’ve built — and to top it off the board can fire you since your ownership is diluted.

go out and get sales from day number one. Think about profit from day one. Maximize your profit and you’ll make that big check. It’s all about GM dollars folks not top line. Sadly, people have the unicorn glasses on and have forgotten this critical aspect.

Don’t take the money — — you’ll be better off for it.