BC BOOTSTRAPPING
Saved by @Alex1Powell

What the heck is this "bootstrapping" thing and how can you get in on it -- a thread

 If you are not part of the bootstrapping world, the proposition of this thread will seem absurd.

It will go against fundamental beliefs you
may have about business.

Let's get started.
What do all of these companies have in common?

@Atlassian @Mailchimp @1Password @basecamp

They didn't take on investors when they started.
People have different definitions of "bootstrapped," but in usually it means a business that does not take on investors to start.

It may have funding from the founders, or credit card/bank loans. Generally the idea is to be entirely customer-funded ASAP.

https://t.co/vbmSpj7uf5
Unless no one has ever told you this, you already have what it takes to run a business.
Not only do you already have what it takes to run a business, you -- yes -- YOU -- could bootstrap a business.
YOU can bootstrap a business. Without funding.

YOU can bootstrap a business. Without knowing how to code.

YOU can bootstrap a business. Without hiring anyone.
YOU can bootstrap a company without knowing how to code.

If you know how to use Excel, you can build.

Because of no-code tools like @airtable and @bubble, anyone can build.

@makerpad is your starting point for the no-code world.
It's seriously amazing what you can build with no-code tools. This example from Bubble of how to build all of these products is both an amazing piece of marketing and hugely inspiring to anyone looking to create: https://t.co/SfuYjjLTLY
YOU can bootstrap a business without outside funding.

It isn't fast and you need to be patient, diligent, and extremely open to feedback.
This @gail_goodman talk underlines just how much harder starting a software biz was in the 90s. Hundreds of thousands of dollars for servers and licenses just to start. https://t.co/0Wj8G7Iuic

But Bubble and Airtable are both free to start. @digitalocean servers are from $5/mo.
Seven years ago, we (@MathiasHansen and I) launched the app that ended up funding Geocodio.

It cost us $440 to launch. It made $0.20 its first month. Geocodio made $31 its first month.

Now we work for ourselves full-time.

I told the story here: https://t.co/OPbtsIGVGa
At this point, you might be saying "Who the hell is she to tell me this? What are her credentials?"

I've been bootstrapping a business for 6+ years (@Geocodio), was a PM before that, started my first biz at 19, and have an MBA.

But you don't need an MBA to bootstrap.
What you DO need to bootstrap is to change your mindset. Believe you are capable of solving problems.

They don't need to be big problems. Chipping away at small problems of your own is a great place to start since you understand the customer (yourself!)
The goal of this thread is to serve as a roadmap for people who are bootstrapping-curious.

So let's dive into those resources:
1. Books about bootstrapping

- Company of One: great overall intro to the movement (https://t.co/KBdMrLvG8F)
- @arvidkahl's Zero to Sold: a how-to https://t.co/0GloPJPZSz
@robwalling's Start Small Stay Small: for developers https://t.co/7GMpWhsrI5

More: https://t.co/fJRoDbN6sH
2. Podcasts About Bootstrapping

- Indie Hackers podcast is basically the How I Built This for bootstrapped companies https://t.co/osiv2J9NuE (Link includes a few others, including my own)
- @startupspod is one of the longest-running podcast about bootstrapping
(There are a ton of great podcasts about bootstrapping, and I feel really bad not mentioning all of them here, because to list would be to inevitably leave some out... so feel free to reply with your favorites!)
3. Courses

You don't need an MBA to bootstrap.

If you want to have everything you need to get started, @amyhoy and @alexhillman's 30x500 is the gold standard of bootstrapping courses. So many great companies have come out of it.

https://t.co/SgX3uRa4Mp
4. Conferences and Connection

MicroConf is the go-to conference for bootstrappers, both in the idea/early phase and people who are full-time: https://t.co/J709kxuCWi

FounderSummit is a newer entrant. (I mentor one of their Sprint groups.) https://t.co/mA6piKlLVK
5. Videos about Bootstrapping

- @levelsio's talk "How to Build a Startup Without Funding” is one of the most-cited videos for inspiration: https://t.co/Qi8f8El6cW

- MicroConf's Video Vault is a seriously amazing resource https://t.co/4cGp0KlTVG
6. Investors
If you read this thread and said "The idea of super profitable online businesses is appealing to me, but I'm more of an investor vs operator," then you'll want to check out:

@tinyseedfund (started by MicroConf)
@earnestcapital (disclosure: I'm an investor)
@indievc
In conclusion:

We live in a historically unique time when anyone can start their own company online with limited, if any, funding. All you need is a little time and a problem to solve.
(PS: Just so you experienced bootstrappers know why certain popular resources may have been left off: this thread is geared towards people who are unfamiliar with bootstrapping. A thread of resources for people who are already familiar with it would be different.)
PPS: This thread is based on a talk I gave to a @VirginiaTechMBA class last week. Thank you for inviting me, @Hoopes_B and @eship_prof!

You May Also Like

Kaspars Ozolins
Kaspars Ozolins
@lettlander
THREAD: Meditations on marriage metaphors in Ruth

The book of Ruth is, of course, a story about a beautiful marriage. But even before the courtship and the wedding and the important genealogy at the end, we find interesting language that is strikingly reminiscent of Genesis 2:24


That important verse reads:

'Therefore a man shall leave [יַֽעֲזָב] his father and his mother and hold fast [וְדָבַ֣ק] to his wife, and they shall become one flesh.'

The verb עזב can be quite strong in force. For example, Joseph leaves behind [וַיַּעֲזֹ֤ב] his garment as he flees from Pharaoh's wife's sexual advances. Countless times, Israel is depicted abandoning the LORD, for example in Judg 2:12 [וַיַּעַזְב֞וּ], and going after other gods.

Likewise, the verb דבק is rather striking. Lot is mortified of disaster overtaking him [תִּדְבָּקַ֥נִי] as he flees from Sodom. Israel is commanded in Deut 10:20 to cling fast [תִדְבָּ֔ק] to the LORD and serve him and swear by his name.

Together they illustrate how radical God designed marriage to be. Marriage is a real severing of family relations in order to form a new, permanent bond with another human being.

Something very similar to this takes places in Ruth's life.
HISTORY
Respectable Lawyer
Respectable Lawyer
@RespectableLaw
There's been a lot of talk about the missionary killed by the natives of North Sentinel Island. They're probably so aggressive because of this weirdo, Maurice Vidal Portman. So here's a big thread about this creep and some facts from my decade-long obsession with the island.


The Sentinelese are often described as “uncontacted,” but this not strictly true. They had a very significant contact in 1880 with Commander Portman.

Portman, the black sheep third son of some minor noble, was assigned by the English Royal Navy to administer and pacify the Andaman Islands, a job he pursued from 1880-1900 with the full measure of his own perversity.


Portman was erotically obsessed with the Andamanese, and he indulged his passion for photography by kidnapping members of various tribes and posing them in mock-Greek homoerotic compositions.


During his 20 years in a sexualized heart of darkness, Portman measured and cataloged every inch of his prisoner’s bodies, with an obsessive focus on genitals.
SOCIETY
Advertisement
Michael King \U0001f1fa\U0001f1f8
Michael King 🇺🇸...
@8MichaelKing
Ever notice how the top niches are centered around health, wealth, and relationships?

There's a deep-rooted psychological (and biological) reason why.

And today, I'm gonna to explain all of it so you can start profiting off of this knowledge 💰💰

*Now, this thread is going to be long and in depth. Make sure to favorite the top tweet now so you can come back to it later.

So. Down to the very core of every living being (humans, dolphins, bacteria, aliens), there are only two drivers:
1. To survive
2. To reproduce

Right off the bat, we know that sex is a primary driver to human behavior.

This would also mean that each gender has its own insecurities regarding sex.

Men have a subconscious fear that their woman will leave them for someone more successful

Women have a fear that their man will leave them for someone younger & better-looking

We can conclude that men are attracted to looks, and women are attracted to status.

This is human nature down to its very core.

Crazy, blue-haired feminists will try to argue and say otherwise.

But, 50 years of feminism DOES NOT OVERRIDE millions of years of evolutionary biology.

Here's a quick visualization exercise so you can see how true all this is...
STARTUPS
itrade(DJ)
itrade(DJ)
@ITRADE191
Here is the detailed information of about strategy,

Entry time : 9.30 - 10
Exit : Upto you

Strategy :
Sell weekly ATM CE & PE at almost equal price
For ex : Sell Nifty 17250 CE at 50 and Nifty 17250 PE at 48 so it will become short straddle

Buy monthly ATM or near ATM CE & PE at matching price (5-10 points diff should be fine) as hedge
For ex : Buy Nifty 17250 CE at 150 and Nifty 17300 PE at 155 so it will become long straddle.

Weekly Short straddle + Monthly Long straddle

Adjustment:

• If you feel slightly bullish/bearish then no adjustment needed
• If Nifty moves 50 up or down and sustain then just simply roll up or down half of qnty and keep rest of the quantity. If market goes up or down further then roll up or down rest.

• If Nifty moves one side or about to breach BEP then add equal amount of lot. This can balance tested side. For ex: If I bought 17300 CE 4 lot as hedge then add 4 lot so you will have only one side risk . Note: Remember to keep SL at cost price (only for additional lot bought)

Capital requirement:
2.2 L for 4 lot
Adjustment requires additional capital upto 1L

Note : High risk high reward strategy, please don’t execute until you fully understand. Kindly do paper trading or backtest.
RR : 1:1
POP : 45-55%
OPTIONSLEARNINGS , ALL
sriram
sriram
@SriramKannan77
Swami Ramanujar:
Important personalities in Sri Ramanujas Life :
🌸ASURI KESHAVA SOMAYAJI-Father of Sri Ramanujar .Asuri keshava somayaji was a learned brahmana living in sriperumbudur.


🌸KANTHIMATHI-Mother of Sri Ramanuja. Kanthimathi was the sister of sri periya thirumalai nambi .
🌸SRI YAMUNACHARYA-Acharya of Sri Ramanuja.Also known as Alavandar.
🌸THIRUKOKOSHTIYUR NAMBI-Also known as Ghosti Purna.He instructed the Rahasya Traya to Sri Ramanujar.

He lived in thirukoshtiyur.
🌸THIRUKKACHI NAMBI-Kanchi purna was born in puvirunthavalli near kanchipuram and met the young ramanuja at an important time.He did the service of Lord Varadha.

🌸THIRUVARANGA PERUMAL ARAIYAR-Important acharya lived in srirangam and rendered the service of playing music for lord Sriranganatha.

🌸PERIYA THIRUMALAI NAMBI-He was the maternal uncle of Sri Ramanuja.He taught sri ramanuja about the epic of sri ramayana and other ithihaas and puranas.Served sri venkateswara at tirumala.
ALL