Having a freemium business model for bootstrapped companies can be very challenging. It requires a massive target market willing to pay, an exceptional onboarding and activation experience, and a well-developed go-to-market strategy. Freemium is tough if the value moment for the customer is not well-defined. It is more of an acquisition model than a revenue model, making product experience crucial. Many bootstrapped founders may not be equipped to manage freemium well and may require more resources. While it can work well in specific scenarios, self-serve free trials or opt-out credit card scenarios may be more suitable for bootstrapped companies. It demands a lot of energy, capital, and effort, and may not work for everyone, despite some proponents advocating its widespread use.

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