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0 pointsthelastparadise2y ago0 comments

You're getting some rather pessimistic replies.

But I get what you're saying --you're saying, get funds together by any means necessary (SBA is a straightforward path) and bootstrap/found a company.

It's still certainly possible to start up a software business. Basically the business needs to provide enough value to customers that they'll pay for it, and what they pay needs to cover the costs of the business.

That is profitability (which is something even many large VC-backed tech companies have totally forgotten how to do).

Software businesses can be started with low costs...

I'll probably get the same pessimistic replies, but this is definitely a valid path for the brave and competent.

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BoorishBears2y ago

Some of the pessimism may be from really competent folks who realize that a business environment that is so hostile that companies that essentially have infinite money compared to you start tightening their belts and let you go then won't rehire you...

...may not be the best environment to go and start taking out loans to open your own business. Especially not for a micro-SaaS where profit margins should be something like 80 something percent on a terrible day.

SBA loans are better matched for opening a business where your margins are in the single digits and you need to pay vendors X weeks out before you can make a single sale. Not selling software you can write for $0 and host on a $10 VPS.

hnisoss2y ago

Brave and competent do not need his advice in the first place. Others will end in debt with no job nor company. Building a company is full time job with it's competences...

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