While it has seemingly never been a better time to raise capital, it has also never been a better time to bootstrap - the cost of developing products has dramatically reduced. Bootstrapping is driven by the idea of not reaching for external capital in the early phases of growth, but instead relying on savings and your startup’s cash flows to sustain growth. Joining us for an inside look into the bootstrapping process is Sabba Keynejad, Co-founder and CEO of VEED.
Bootstrapping has the benefit of avoiding dilution, but is not without its hardships. In this talk Sabba takes us through the turbulent VEED journey which took them to 6.5m ARR in two years. VEED is a testament to true founder grit - along the way the founders had to take full-time jobs to fund the business, they were kicked out of their first office, were rejected from YC (twice in one weekend) but eventually reached product-market fit through aligning on their user acquisition channel.
Builders' Studio: a Founder School by Slush