Startups are a marathon, not a sprint. How can a bootstrapped startup survive a marathon?
Swarna Hebbar
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Jeanette Walls@jeanette_walls
Absolutely! Bootstrapped startups need to be resourceful and focus on lean operations. Prioritizing MVPs optimizing for efficiency, and building a strong financial runway are all crucial for surviving the long haul
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@jeanette_walls You're on point!
It's scary how many startups ignore this and go ahead to fail, even well-funded ones.
There's this crypto startup that just crashed in Nigeria - Mara. They raised over $23 million and blew it all on ridiculous marketing campaigns, huge salary fees and BS. And they did all this without having released an actual product. Insane stuff!
Raising $23 million as a startup in Nigeria is incredible. But to go and blow all that away... sheesh!
@jeanette_walls @stanley_igboanugo thanks for your inputs! And whoa, that is a crazy story!
What would be your advice when it comes to putting money into marketing? Frugal ways don't seem to be enough when the competition is so fierce!
Surviving the startup marathon on a bootstrap budget is like running a race with a shoestring tied around your sneakers – challenging, but totally doable with determination and some fancy footwork! How about we lace up those entrepreneurial shoes and sprint towards success at a steady pace?