A few years ago I sold all my stuff to explore the world, creating 12 startups in 12 months and building $1M+/y in companies as an indie maker such as Nomad List and Remote OK. I'm also a big pusher of remote work and try to analyze the effects it will have on society. Follow me on Twitter or see my list of posts. My first book MAKE is out now.
May 24, 2014

On self-funding startups

Cover, Quotes

With funded startups often founders get into business purely because there’s a big opportunity. Some growing market in need of a solution. Or perhaps a model is copied from a successful startup in a foreign market, and executed in a home market. Personally I can’t imagine working on a problem that I am less than fanatical about solving. I can’t imagine coming into work every day trying to solve a problem that is alien to me just because of a potential pot of gold waiting somewhere. That’s not why I’m running a business.

When you self-fund you are on a crusade. You’re working on something because you believe in it to the point where you’re willing to take on personal risk. It’s not a place for random opportunists. I’m running a business because I love making software, I love the problem space we’re in and I love the solution that we’ve built. There’s nothing else I’d rather be doing.

— Yong Fook on why he self-funded

P.S. I wrote a book on building indie startups called MAKE. And I'm on Twitter too if you'd like to follow more of my stories. I don't use email so tweet me your questions. Or you can see my list of posts. To get an alert when I write a new blog post, you can subscribe below:

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We have an ideologically broken and personally unfulfilling society

Run through ideas quickly