No Venture Capital Needed, or Wanted
I&#x27;ll share our story and current situation:<p>We bootstrapped with time (evenings &amp; weekends) until we had enough revenue to keep the lights on, at which point we quit our full-time jobs and pursued it 100%. We&#x27;re in our fifth year now and we closed 2015 with $2M in revenue. Excluding compensation, our operating costs (servers, professional services, supplies, t&amp;e, taxes, etc) are about $125k.<p>While things are great, growth has also slowed due to sheer bandwidth available from only 3 people. We&#x27;ve definitely struggled with hiring. When a new employee&#x27;s salary directly comes out of your own compensation, you tend to become very particular about people pulling their weight, so we&#x27;ve churned through 10 people so far. I&#x27;ve had a very difficult time competing for top talent.<p>At this point I think the networking and advice would be the most valuable thing a VC could bring to the table, as we have an abundance of cash and technically a very easy business to scale. Just need capable people who like to be well-compensated.