Comment by OtherShrezzing
1 day ago
>but it turns out that not burning through VC cash on ping-pong tables and "growth at all costs" actually works.
This is at least a little disingenuous (or ill-thought-out), when you account for the fact the company is a spin-off/subsidiary of a large & successful Italian agency. While I'm certain these things helped keep the business sustainable, the fact of the matter is that the company was still incubated rather than bootstrapped. The only real difference is that it was incubated by its parent company, rather than by the VC industry.
Define “successful Italian agency” :) If breaking even every year with 20+ employees counts as successful, then yes—successful. But I think you may have a mistaken idea of the level of support and investment that the “incubating” company actually provided. With the limited effort I put into this product over the years before it started to work, all I really needed was any stable job and a few hours each week. You don’t need a particularly favorable setup to pursue a bootstrapped approach... but you do need to be very comfortable with the timeline for seeing results.