Slups
A bootstrapped app run by Curtis.
- 1Bootstrap on reinvested profitsTeam of about 12, no outside money
- 2Build a $10 million businessCash-flowing, and you learn the market
- 3Look for a multi-billion opportunityRaise only if the market proves bigger
- 4Raise on better termsHigher valuation, less dilution; else keep it all
From Curtis, Slups founder
What was said about Slups
Curtis bootstrapped Slups to about 12 people and reinvests every year. Curtis chose the bootstrapped path on purpose and is happy with the result. The team is about 12 people, funded by reinvesting profits each year.
The source notes a $300K check four years ago might have cut two years of slow growth, so the path had a real cost in speed.
Bootstrap first, raise later only if the market proves much bigger. Build a cash-flowing business of around $10 million, then raise only if you find a multi-billion dollar opportunity. You then raise at a higher valuation, with less dilution and better terms.
If the big market never appears, you still own the whole business. Quote: "You can build a $10 million business and then realize, wow, we've earned some insight into where the multi-billion dollar company actually is."
The Bootstrapper's Path to $10M ARR Without Venture Capital – Andrew Maguire, Volo Ventures
Curtis bootstrapped it to a team of about 12, reinvests every year and chose that path on purpose. A $300K check four years ago might have cut two years of slow growth.
Curtis bootstrapped Slups to about 12 people and reinvests every year. Curtis chose the bootstrapped path on purpose and is happy with the result. The team is about 12 people, funded by reinvesting profits each year.
The source notes a $300K check four years ago might have cut two years of slow growth, so the path had a real cost in speed.
Bootstrap first, raise later only if the market proves much bigger. Build a cash-flowing business of around $10 million, then raise only if you find a multi-billion dollar opportunity. You then raise at a higher valuation, with less dilution and better terms.
If the big market never appears, you still own the whole business. Quote: "You can build a $10 million business and then realize, wow, we've earned some insight into where the multi-billion dollar company actually is."
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