The cost of Boostrapping and why we decided to boostrap since 2008 ?

I read on a blog someone asked an angel investor ‘’ why do venture capital investors take these big risks with their money ‘’ and he replied “There’s a lot of money in the world. There are trillions of dollars just sitting around, and people are bored. The money is bored! Money wants to burn! Money does not want to sit in a safe “

Well , what an interesting idea “ The money is bored “ hum…

My wife Karley and I are currently boostrapping http://yinn.ca/#/home with our own money and believe me when you are self-funding a startup , your hard money is the opposite of bored , your money is always stressed because you’re caught between these two realities: you are investing real time and money into the product without knowing if the product will give you anything back.

We are almost ready to launch YINN but at the beginning before the product has proven itself, it is all a big risk so you can see why boostrapped founders get stressed , why people keep asking me Olivier, are you still working on your project ? when are you going to launch your product ? well, you know now it take time to launch a product when you are investing your own money …

It is easy to see why many experience burnout and finally choose to quit .

Bootstrappers who are building something new have to walk this fine line:

§ We need to invest a considerable amount of effort to launch our product.

§ But we also need money to live, and it can be years before a SaaS can support you full-time.

We , Bootstrappers have created a religion out of building something from scratch and self-funding the entire thing.

But what if that ideology leads to burnout? Or bankruptcy? Or not being able to go the distance?

Do we need to find ways to diversify our Bank accounts just enough to dare go the distance ? it is something Karley and I need to think about .

But here is the real reason Karley and I decided to bootstrap since 2008 from Kamit Communications Inc to YINN Group Inc without outside money , the answer is simple … We have no interest in turning YINN Group Inc into a billion-dollar company. To us YINN is a business that we want to work on for a very long time . We love to help small businesses succeed . We would be perfectly happy to do this every day for the rest of our career . Of course we want to be successful so it does not require a massive payout and it does not require an IPO .

With that in mind it would be tough to find a VC investor with whom our interests truly aligned .

To end this article , allow me to tell you what we are working now .

YINN is P2P Ecommerce and community Marketplace for Indie handmade and digital goods makers worldwide . We provide great and unique tools to local small businesses in innovation and creation to promote , have a micro-loan and sell their creation.
Yinn.ca is beyond P2P Ecommerce platform , YINN is also a media distribution and alternative finance platform .
This product is React and Node.js based eCommerce platform. Allows creating a Progressive Web Apps built with :

· Node js

· React js

· P2P

· Smart-contract

· Redux

· Express

· Babel

· WebPack

· MongoDB

· CDN

Features

· Peer to Peer Marketplace

· Advanced Analytics Report

· Live Video streaming for promoting new products

· Multiple User Support

· Real time interaction between sellers and buyers

· Chat based Social Interaction

· Multilingual support

· Multiple Currency support

· Easy Checkout feature

· Advance report feature for seller

· Blockchain integration for smart contract between seller and buyer

· Multiple shipping methods

· Price Tier function for seller

· Membership Management for Accessing Limited features