Oops, sorry to drop the thread, didn't get any email notice on the new replies.
First of all, thanks to all of you for posting your thoughts, there is a lot to take back. Offcourse @paraschopra 's opinion is coming directly from the horse's mouth.
The thing is, today founder's only claim to fame is a big funding round. So when I am talking to founder's around me, their first milestone is raising money. For many business models, this may be a necessity. But there are a bunch of problems out there which can be solved by a small team, beautiful product and clever scaling.
Since there is a lot of literature out there on "how to raise money" and "what do investors look for", I thought there should be atleast one thread which talks about successfully bootstrapping a venture to a position of dominance. The best examples I can think of are Basecamp, Atlassian, VWO, Zoho, Stitchfix and Freshdesk.
We have to bring out more stories like that.
@khitchdee True, though that's easier said than done.
I am looking for some founder stories to learn how did they scale/sell in early days, what responsibilities did they outsource, how did they find the right talent and how did they reach out to their audience on a limited budget. Basically "how" did they achieve more with less?
The key to bootstrapping a successful business is to think lean and tackle the most pressing problems at any given time. Some know it as the 80-20 principal, go after 20% of the work which drives 80% of the results.
As soon as we start spreading ourselves thin across many things, the focus is lost, priorities get mixed and we start burying ourselves in a deluge of things that take us away from the goal.
I'd like to ask people on this forum how do they manage work that's extraneous or outside of their core strength. Work like hunting for an office space, making an intro product video, setting up and managing social media channels, hunting the web for early leads, designing campaign newletters/logo, writing marketing material, handling legal formalities etc.
How have you avoided/executed work which you can't take care of or don't have time to?