1. How long have you been bootstrapping your startup? 2 months
2. Roughly how much of personal money have you invested in your startup? £50-100
3. Are you profitable, if not then at what point do you make the decision of pulling the plug and not invest your personal money anymore? Yes, profitable.
Perhaps for those industries patents are a better fit and more standard practice. My personal opinion based on observations of patents in software is that they inhibit innovation.
Invariably in a race to the bottom everyone loses.
Good piece. I've talked with numerous people looking to start a startup with the assumption that implementation is just a case of hiring a few devs or outsourcing to n freelancers.
I especially liked the wake up call to developers at the end. Would be very interested to read any reciprocal articles on why technical founders need a business co-founder.
Congrats on getting accepted and thanks for being so candid about your application.
I have a couple of questions however:
Did you face any problems having disclosed you scrapped a competitors site for potential clients/leads? Did all the founders think that was an acceptable method for building a base?
How did you derive the potential turnover figures and was the model and revenue discussed in depth at the interview?
Finally, how did you guys decide that FamilyLeaf was the right direction?
Personally I find that kind of experience intrusive.
I do like the idea though, but what happens after?
Do I get to keep the app? Do I get upgrades to an app?
I take it the users who are early adopters are also free testers to some degree.
I've had similar symptoms, and finally got around to getting an eye test. Bottom line I need glasses too. I started getting very bad headaches in my late 20's, I'm early 30's now.
Glasses make a World of difference, esp as I am usually looking at more than one screen and switching between them.
I went for a very light frame, like Lindberg for example as these were most comfortable.
2. Roughly how much of personal money have you invested in your startup? £50-100
3. Are you profitable, if not then at what point do you make the decision of pulling the plug and not invest your personal money anymore? Yes, profitable.