Times like these (when money is expensive) are great for bootstrapping companies. If your idea is good, you are not going to see a direct competitor flush with cash from a VC anytime soon.
Discussion
YES 🙌
my direct competitor tries to kill me fr
nostr:note19nnqxmucegsuw3905famdft6zg56zrhndmprxz86r97vmzua6dpq8l5fds
Playing boostrap games during easy money times got me rekt a decade ago.
I built a product, got paying customers. Instantaneously profitable.
My competition just build slideware and raised millions off of it.
When I tried to raise I didn’t have a good answer to “how are you going to combat X’s war chest?l”
I didn’t have a good answer.
I never realized until your note that that was only true during low price of money environments.
And they don't teach this at the MBA school. :)
Yep. I do think the market is going to get so distorted (due to all the stuff we know, i.e printing, crypto, decentralization, politics, etc) that bootstrapping is going to become even more complex a.k.a bootstrapping will not only be about just boom and bust (bull/bear) cycles.
For example crypto is creating an even more complex (complex as in more concurrent incentives) financing market. Which is good as it means more opportunities.
What I'm trying to say is bootstrapping is now easier than ever because the incentives are as complex as they've ever been. Looking at things solely through the lenses of capital might be a thing of the past. The Web3 world is political to the bone and I'm very interested in how the future will look like.
As a side note, thank you for all your work in Nostr :)