17. Bootstrapped Success: Navigating Entrepreneurship Without Funding with Staszek Kolarzowski
Update: 2024-04-18
Description
The conversation explores the journey of Staszek, co-founder of Plane, from starting as an agency to bootstrapping and eventually raising funding. The chapters cover topics such as the benefits and challenges of bootstrapping, the importance of market demand, deciding when to raise funding, and the process of raising money. Staszek also shares insights on determining when to hire, the value of revenue per employee, and the transition from the old business to the new opportunity.
Takeaways
- Finding the right funding strategy is crucial for the growth of an agency.
- Scaling an agency requires careful hiring and maintaining cash reserves.
- Balancing agency work with side projects can hinder the growth of the side projects.
- Planning for an exit from the agency can help in transitioning to a product company.
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