I bootstrapped a company for four years and now I am tired ...
Decided to keep things short after writing a wall of text:
Had a lot of enthusiasm for an idea 4 years ago,
Had offers from investors that valued me at nearly a million only for the idea alone but refused them at the time and bootstrapped.
I spent nearly $30,000 in expenses alone to build the platform, without counting the time I spent on developing it.
By the time the platform was built, I had competitors that got ahead of me,
I don't think it's too late. With a few actions, the company can be very successful, but it needs someone or a team with a drive.
The rest of the question: Now I'm tired. I personally don't like the idea anymore even though it still has a lot of potential.
Because I'm tired and sick of it, I want to sell the business and pursue something else.
I've been clinging on it for nearly 2 years hoping that people will come without me doing much to market and that's buried me a little and made me feel depressed.
I feel like many people are looking for a ready to go business that can be performed online so it's still a viable business that is fully set up.
Can anyone suggest where I can sell it? I was thinking eBay where I sold an app I built many years ago but I don't know if it's still a viable place to sell a business.
Well, when you start it is important to get revenue and customer fast. Get out of the gate fast. Don't wait forever to perfect something. Validate. Even though you don't need a partner or money, those would have helped. However, if you don't have barrier, competitors with more money and experience will rush in. They probably got tipped by your VC.
Question asked by
May 21, 2020, 3:15:22 AM