7 tips for bootstrapping a (profitable) Internet company

Originally posted on VentureBeat:

This post was written by Jeremy Hitchcock, CEO of Dyn, an Infrastructure as a Service (Iaas) provider.

Dyn has been a bootstrapped company and profitable from day one. We get a lot of questions on how we pulled this off, and while I would love to claim all the credit, there’s nothing really magical about our success. We started as an open-source, community-led project, found a need, and grew a company around it — fueled by a lot of hard work and many sleepless nights.

But when we incorporated in 2001, things weren’t pretty. We had never thought about funding, and since we were in college, we asked our customers to bankroll us. Actually, we said that the project would get shut down unless we were able to raise our $25,000 goal. When $40,000 came in, we knew we were on the hook.

We’ve grown and been profitable year…

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