A Smart Bear: Startups and Marketing for Geeks

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Pricing determines your business

A Smart Bear: Startups and Marketing for Geeks

Even bootstrapped businesses can make this work (e.g. Often bootstrapped companies of this type boast about having no marketing or sales departments, but the truth is they can’t afford it, and those companies typically grow slowly, often eclipsed by companies who can afford to grow 10x faster. .” Think: GoDaddy).

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How cold calling (properly) works better than AdWords

A Smart Bear: Startups and Marketing for Geeks

Search Engine Marketing and online ads on the other hand can be set up in minutes. Those higher costs make learning to write ads, manage campaigns, A/B test, and design landing pages a very expensive activity for an early stage, bootstrapping startup. SEO is extremely powerful, but it takes time.

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The wrong question: Is now the right time to start a company?

A Smart Bear: Startups and Marketing for Geeks

I started WP Engine in a boom (2010) and it went great. Whether you’re bootstrapping like I did with Smart Bear or raising tens of millions of dollars as we did at WP Engine, this is the right question. When the economy rushes back, you ride the wave.

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How do I stop “analyzing” and pick between two good choices?

A Smart Bear: Startups and Marketing for Geeks

We’ve been bootstrapping up to this point. While I was bootstrapping WP Engine I constantly heard that we’re hamstrung by not taking an investment; after raising a Series A a different set of people expressed their disappointment that I had “sold out.” Are you proud of bootstrapping?

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Scars

A Smart Bear: Startups and Marketing for Geeks

I still find myself sometimes running WP Engine like the bootstrapped startup that it was for the first 18 months of its life, instead of the funded growth machine that it’s evolved into. If you’re bootstrapping, getting that $1000/mo right now in bottom-line money is in fact the better choice.

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The rise of the “successful” unsustainable company

A Smart Bear: Startups and Marketing for Geeks

GroupOn’s engine that turned capital into revenue growth was a form of force-feeding rather than building a product). Note that some of those companies were bootstrapped, some bootstrapped and took money later, and some had huge funding from the start.

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Intense Asymmetry and Self-Flagellation

A Smart Bear: Startups and Marketing for Geeks

Erica Douglass bootstrapped her company and sold it for a million dollars while her friends were switching majors for the third time or dicking around at some entry-level job. And let’s suppose I started WP Engine at the same time. She’s successful by any measure. They’re growing faster than my hosting company did.

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