Web startups boot strapping themselves are all the rage. Every few weeks someone approaches me with a new idea. The implementation plans for the venture are almost always identical.
- web application
- open source framework, usually Ruby on Rails, sometimes PHP
- free database, almost always MySQL
- cloud hosting
- small group of guys, typically people who have made money at a previous venture
- no salaries, just equity
I enjoy hearing the ideas and almost joined one venture. But in the end none have been compelling enough for me to risk 6 to 12 months of income. Hopefully Iâ€™ll think of one on my own. 🙂