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drew
@dreww
any bootstrapped founders here? 👋🏽 would love to connect and knowledge transfer where possible. little bit about us (/syntax): we’ve been building an evm-specific development shop for the last 2.5 years. here’s some wins/struggles: win: we started with $0. we’ve been profitable 9/10 quarters. struggle: as a founder, i’ve had to defer my salary multiple times. cash flow management is hard. we’ve had clients miss payments or not pay us at all. win: we’ve worked with some very reputable companies such as @storyprotocol, @0xproject, & more. struggle: most companies won’t want to work with you at first. every opportunity won should be used to leverage another opportunity. win: we won our first opportunity using a new cold outreach strategy a few weeks ago. struggle: it took us MONTHS to get this right. a lot of A/B testing and A LOT of rejection. TLDR: - don’t compare yourself to other founders - build on top of wins + learn from the struggles - literally just don’t quit
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ebeezy
@ebeezy.eth
bootstrapped for 4 years
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drew
@dreww
so awesome, man. congrats! biggest lesson learned from the last 4 years?
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ebeezy
@ebeezy.eth
survival was #1 priority if a lot of VCs are passing, don’t feel discouraged - they tend to groupthink / invest in their network / invest only if you go through some mental gymnastics & fomo them into the round (cc @sher) Cut some corners, don’t blow money on lawyers (unless u absolutely need to), get potential new hires excited on the vision Do unscalable / non relevant stuff to stay alive - we were semi running a social media agency to keep the lights on Cofounder and I were driving uber at some point as well
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drew
@dreww
honestly super practical feedback. survival is definitely key. really want to focus more on efficient onboarding + building company culture this year. also, just realizing we linked up at the @orangedao event! small world on the purple app. it was great speaking with you man! 🫡
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