One piece episode 411
By Josh Wigler. In his penultimate installment, Mr. Robot creator Sam Esmail officially turned up the radio and dialed things up to an entirely unexpected level: a full-scale parallel universe, just as Whiterose BD Wong always promised. As always with all things Elliot Alderson Rami Malek , appearances can be and often are deceiving.
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It is a common question new entrepreneurs ask themselves and based on an article on the subject, the guys comment and elaborate on some of these questions. Where this week, sir? What I find fascinating about it is that the new company is called Opsware.
I remember back in those days when I was doing sales demos and presentations and stuff, I was actually in some cases, competing against Opsware. Rob: I was so stressed. I would have imploded. Mike: Yeah, definitely. What did he say? Like there was plus IPOs the year before and then there was 6 or 12 or something like that the year that he did it.
Mike: No, he went public first and it was in a bad environment. Rob: Got it. That was my memory, but I have forgotten they went public. A lot of it just did not sound like something I ever want to experience in my life, even for payout like that.
Rob: Well, you and I just had a conversation before this episode started recording. Mike: Again, that email address is questionsforstartupsfortherestofus. Even if we try it, if it suddenly becomes a […] or something like that, I could imagine pivoting. Back to Adam. Maybe an episode on what you think that growth is, that people should be aiming for, this was a good episode.
A follow-up question to Mike would be, why have you or have you not fun strapped Bluetick? Mike: Oh, yeah. I had a few conversations privately with people I know who have raised money, and just asked them what their take on it was, what their experiences was after going through it, what were the drawbacks, what would they have done differently.
I think I have been open about the fact that early on, I had hired a bunch of contractors to build a lot of the core infrastructure of Bluetick. I would prefer to move fast if I can help it, but the problem is a lot of the architecture and the choices that were made at the time make that difficult.
I have a hard time pulling away from those things and doing some of the clean-up work to basically make myself be able to move faster. Mike: Maybe I should caveat that a little bit more. The software does a lot. Mike: Yeah. In order to do that, in order to store the data. Rob: One minute while I update my spreadsheet. This is going to be a piece of cake.
Rob: Alright. Our second comment on episode was from Don Gooding. He links to three different articles. His blog is fourcolorsofmoney. He also linked to another article called, The Bootstrap to Funding Pivot Playbook which is about bootstrapping first and then raising funding later.
He talks about revenue financing in that one. Then his last article is, Revenue-Based Financing: Five Different Options and he walks thru them which is pretty interesting. His site is called Four Colors of Money because he looks at bootstrapping, he looks at grants, he looks at grant and equity—those are the four colors. Again, we will include those three links in the show notes. You can always go back on those comments on episode if you wanted to see his full comment.
Do you have a way to self-fund it? Bootstrapping is truly having almost no money. A few hundred dollars, a thousand dollars, a couple thousand dollars, and then growing a business based purely on its revenue and profits. Self-funding is a lot of what I did. In the early, early days, I bootstrapped everything right out of consulting revenue but spent very little money.
Then the more business revenue I had, I stayed consulting during the day full-time, and I took that business revenue and used it to self-fund the next thing, and the next thing, and the next thing, and each of them got bigger and bigger. It took me a long time to get from having. But his first question to think about is how much capital on your own do you have that you can invest in the business? Mike: I feel like this is more of a runway question because the money itself, you either have to when the business itself is generating money, how much is left over for you to leave versus how much are you going to be able to put back into the business.
You may even need that money early on. Can you afford to run experiments early on? Do you have more time on your hands or do you have more money? This is getting more at the money side of the equation. If you have plenty of time, if your timeline is five years, you can take as long as you want to do most things. But he was still able to make a pretty good business out of it. He just took a really long time to do it.
His second question is, how likely it is you can raise funds from family or friends. Info products and even some software, not B2B, but have to really be B2C in general can use Kickstarter as well as obviously physical products would be a great way to do it. Mike: I think, yeah, it was Indiegogo. But when it comes to software, people are not particularly interested. Rob: Totally. Mike, did you hear what I just said? Rob: Oh, no. Oh, the humanity, Mike. I just love Kickstarter. There was a Kano—the open source computer that I could teach my kids how to put computers together and do that stuff.
A lot of it is some learning, some teaching, and some gadgetry and stuff. I think that my gist is that my taste are not uncommon. I do agree that in trying to launch a project in Kickstarter would be hard. But another couple of questions that I think are interesting to ask because they imply that you should probably raise some type of at least angel and potentially go after venture funding.
That is something that can very likely be fundable. For example, a potential career—a limiting decision. I remember talking to someone at Gumroad actually, because Gumroad was kind of bootstrapped early on, and they raised a big round, I believe it was 7 million if my memory serves me right. If you can get some of those relationships, you can basically get escorted in. You can leverage those partners to help walk you in.
Is your team plan and pitched in the top 10 percent of companies seeking financing in your region? Mike: I think that a lot of those are hard questions to answer too. It could be hard to come up with a solid answer that you stick with. Rob: Yup. I would agree. I think these are good things to think about. I think long time listeners of the podcast will have heard us discuss these types of thought processes before.
I talked about it at BOS. Split testing was something I had seen in info and people in the startups were not doing that, that also became a trend that took off.
Even customer development and a lot of lean startups stuff was taken from the automotive. You see these trends coming in. While startups and software have traditionally been VC funded and the trend that you can I have been a part of is this bootstrapping and self-funding kind of spearheading it, I would say, or I mean at least part of the folks who have really driven it over the past eight plus years.
Things just change over time. As time goes on, the entire software space has become more and more competitive. I mean, eight years ago when we started podcasting, it was easier to launch products in terms of getting in front of customers. As time goes on, I think that that trend is just going to continue. I say that the natural evolution is you have to have more resources in order to launch something. But I do think that there are certain types of businesses where it makes a lot more sense to raise some funds than it is to not, especially with certain life circumstances as well.
But now, someone with some type of technical acumen can basically start a whole side business and really never leave their house and have this thing making money while you sleep. Do you have money to burn?
Burn is probably not the great way to put it, but do you have money to spend in order to learn quickly or are you okay taking a much longer time to do it, and doing things slow and steady based on what your financial situation is like, your personal life, and how much time you have available. I think that about wraps us up for today.
If you have question for us, you can call it into our voicemail number at or you can email it to us at questions startupsfortherestofus. Subscribe to us in iTunes by searching for startups and visit startupsfortherestofus.
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In Tulsa, Okla. The doll, by the way, is breaking the law. Come with us. Let's use the stamp pad. We have your hands and your feet. Leonardo ph , you are stacking those. Look at you. There's a lot of stuff you'd expect here - kids painting with little paint sets, playing with toys, taking naps.
In what episode does Luffy meet Boa Hancock? [One Piece]
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One Piece Episode 411 Discussion
MakishinSho - Jul Tensai-Kun - Nov 12, Hide Ads Login Sign Up. Forum Settings Episode Information Forums. One Piece. One Piece Episode Discussi
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