The process of bootstrapping is painful, yet beautiful. It teaches you so much about business that no other experience possibly could. The uncertainty of knowing whether or not you will survive another month and the anxiety caused by it is a tough master of discipline. I know this firsthand having run my first startup from a $1,000 loan I got from family to +$100,000 in revenue as a 19 year old.
Now that we have closed a funding round for Malaeb, some think that things have been very easy. “But you have a good runway!” or “Lucky you don’t have to think about money.”
The truth of those statements is debatable, but regardless of that, have things always been this way? The short answer is no.
We have survived way longer than we thought we ever will. There were moments where I personally had literally $0 in my bank account for days, and couldn’t do shit about it. There are moments where our company’s bank account also had $0 with payroll of 6 people coming in. This is the ugly truth that not many are willing to talk about. I’m writing this for the entrepreneur out there who thinks they’re in a bad position. Guess what? It’s part of the journey; it’s not all rainbows and butterflies.
Here, I want to give the outside world a glimpse at what was happening in the 6 or so months where we were fundraising with the clock ticking.Read More