Looking at their MRR growth, it seems that they had ~$5K MRR in Spring of 2020, at the time they joined TinySeed.
So perhaps a more technically accurate post would be: "How we bootstrapped to $60K ARR, then took a small investment and grew the company to $1MM ARR" ?
When, in the lifecycle of the company, can you sell a small stake of it and still call it bootstrapped? Basecamp sold a bit of equity in 2006 to Bezos[1], and is still considered the epitome of the bootstrapped company.
Additionally, if one has a couple hundred K after working at MANGA or wherever, or has wealthy parents/friends and uses that money to build their own start-up, is that still bootstrapping?
To me, their journey is much closer to bootstrapping, and is quite an impressive achievement. Congrats, guys!
When, in the lifecycle of the company, can you sell a small stake of it and still call it bootstrapped? Basecamp sold a bit of equity in 2006 to Bezos[1], and is still considered the epitome of the bootstrapped company.
Additionally, if one has a couple hundred K after working at MANGA or wherever, or has wealthy parents/friends and uses that money to build their own start-up, is that still bootstrapping?
To me, their journey is much closer to bootstrapping, and is quite an impressive achievement. Congrats, guys!
[1]: https://m.signalvnoise.com/the-deal-jeff-bezos-got-on-baseca...