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PRATHAM

Experimenting On lea... • 1y

Can a app based startup be bootstraped ? Let's discuss! I probably think no coz firstly it requires a lot of funds just to do basic things and if included marketing, operating costs, salary, etc it would be huge amount. Also in such startup scali

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Havish

. • 1y

It depends upon the product and service it is offering.. but if the founders have coding knowledge and have a little to invest. It can be bootstrapped. Take example of medial only, it got funding last month..but even if they hadn't taken funding, th

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PRATHAM

Experimenting On lea... • 1y

You are right but see their growth if they had raised funds then it would have grown very fast and might have built a good share in market , they are not doing this because medial isn't developed yet I would say many updates are required. Bootstrappi

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Havish

. • 1y

I totally agree with you. What i meant is that boot strapping is possible but hard. Though there is travel booking company in india called EaseMyTrip which is completely bootstrapped and about a year ago they went for an ipo also. And last year's profit was about a 130 crore. In India, where all the travel aggregater (even funded) are in loss, this bootstrapped company is profitable.

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