A bit confused on why people sell bootstrapped companies? There is no pressure from investors (since there are no investors). I understand there is money coming in when you sell but what else makes people sell their company?
Some people greatly prefer the challenges and joys of building new products and companies to the challenges and joys of operating companies over the long haul.<p>Selling the bootstrapped company locks in a financial return for that past effort and more importantly releases their mind, emotions and time to shift back to building something new.
Sometimes because they’ve had enough of it and want to do something else with their time - be that working on a new idea or changing careers or just working for someone else and no longer having to be the one who lies awake at night wondering whether revenue will cover salary this month.<p>Bootstrapped doesn’t by definition mean profitable. Some founders are using their own savings or bank loans or even credit cards as runway.<p>Also, even bootstrapped businesses that are doing better than breaking even may not be making enough of a profit that the founders are doing better than they would with a corporate salary.