Great summary of what went on. I'll definitely apply for #SUS 2010. Jason Fried delivers once again:
- The bootstrapped company starts off thinking: we need to make money.
- The funded company starts of thinking: we need to spend money. these investors have given us x million dollars—we should spend it!
I speak to so many aspiring web entrepreneurs who are spending way too much time searching for money when they should be using their skills to improve their products. If you want to start manufacturing widgets in a huge factory, that is a huge cap-ex. However, if you're building a web-service you can get a rough prototype out of the door - I'd say get it done.
- The bootstrapped company starts off thinking: we need to make money.
- The funded company starts of thinking: we need to spend money. these investors have given us x million dollars—we should spend it!
I speak to so many aspiring web entrepreneurs who are spending way too much time searching for money when they should be using their skills to improve their products. If you want to start manufacturing widgets in a huge factory, that is a huge cap-ex. However, if you're building a web-service you can get a rough prototype out of the door - I'd say get it done.
IDEO's motto: "Prototype early & often"