Posts Tagged ‘about’

Best Bootstrapped Company?

Wednesday, December 12th, 2007

I nominated us for Best Boot Strapped company for The Crunchies (an award ceremony run by TechCrunch). I’m not sure we are a bootstrapped company, but I’d still appreciate it if you nominated us as well:

Crunchies2007

Are we a bootstrapped company? The TechCrunch criteria is that we took less than $100k in investment. That’s true–we didn’t take any investment. The first half of this year was funded by me doing consulting work. I wrote a book, did some corporate training, wrote some articles for Salesforce, and recorded a screencast. It definitely felt like bootstrapping.

However, since August we’ve been entirely funded by our customers. Some companies think of this as a bootstrapping technique. I think of it as a business model. I don’t think we’re a bootstrapped company anymore–I think we’re a small business. (But please, don’t let that stop you from voting for us above)

It’s not just semantics to me, and it probably shouldn’t be to our customers. I meet a lot of people who call themselves founders and call their companies startups. Founder puts all the value on having the idea rather than on executing or finishing. Startup tells you how long they plan to be around, at the start but not down the road when you need them. I’d rather call myself owner and my company a business.

Introducing Jay

Thursday, November 1st, 2007

In early August, Mark Hendrickson from TechCrunch interviewed me for an article he was writing on hosted white-label social networking services. Once he got the idea he summed up the company as “You’re a one-man Ning.”

I immediately corrected him, “I’ve got a second person starting tomorrow.” Then I went on to explain all the ways that our product and goals were different. That second person is Jay Laney and we’ve essentially run as a two-person shop ever since.

Jay looks like this:

He’s a Graduate of O’Reilly where he used to be Lead Engineer for their online group. We worked together there on a lot of things, including a social network for alpha geeks that never quite got off the ground.

He’s also a graduate of Marc Hedlund, having spent time getting Wesabe established.

Jay built the Bad Online Dates site, our first custom site built on the CrowdVine platform. It’s going gangbusters. He’s also responsible for a slew of CrowdVine improvements: OpenID, backups, our deploy system, this blog, friends from other CrowdVines, and a bunch more that don’t make sense publicly.