Hi,
A lot of discussion on funding for web startups has been centered on getting money from VCs, at least in the early stages. I am wondering if there are any web startups that have been self-funded from the beginning (from the founder's own equity and ultimately through revenues earned by the startup)?
My start-ups have both been entirely self-funded so far. The first one was profitable (though not overwhelmingly so). The second one is raising a second round of capital, from wealthy friends and family, so you could still call it self-funded (or, at worst, angel funded). We don't intend to need another round of funding after that.<p>I don't see why self-funding should be surprising at all. It's very cheap to start an online start-up nowadays.
My startup is self funded, and we recently have a prototype that we will use to generate an Angel Investor. We intend to use a Subscription Revenue Model to hopefully breakeven in year 1.
I'm currently working on a self funded startup with a few other people. It's not so bad, although legal fees are the majority of our costs. The thing I love so much about the web is that many ideas don't require any initial funding.