"Bootstrapping is not about being a cheapskate about everything, squeezing every last penny out of your vendors and partners"
Found this on gnoos, meta-therapy care of RoundOne : "Even in a bootstrap startup, it is important to spend some money – just in the right places and at the right times. Bootstrapping is not about being a cheapskate about everything, squeezing every last penny out of your vendors and partners and otherwise being the nightmare customer for every company you deal with.
At some level, you will begin to realize that markets are somewhat “efficient” and unless you have some special connections or characteristics that cause you to convince people to give up their goods and services at a price well below market rates, you’re essentially going to get what you pay for (in a macro sense). Of course, there are definitely ways to find the best deal (in terms of value), but this can usually only be taken so far. And, of course, there are places that you should find the least expensive option, because it doesn’t matter all that much."
At some level, you will begin to realize that markets are somewhat “efficient” and unless you have some special connections or characteristics that cause you to convince people to give up their goods and services at a price well below market rates, you’re essentially going to get what you pay for (in a macro sense). Of course, there are definitely ways to find the best deal (in terms of value), but this can usually only be taken so far. And, of course, there are places that you should find the least expensive option, because it doesn’t matter all that much."
posted by redbarren at 8:55 PM
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