27 May 2004
Here’s an entry to Wikipedia about TextDrive. While I’m looking forward to learning from my experience with Textpattern and TextDrive, I’ve got so say that this approach to raising a little startup fund can teach anyone in small business a lesson or two. By providing those he needs the most – customers – a value that they are not likely to find anywhere else, this owner was able to attract pre-payments for his services.
There are no bank convenants. There are no liens on the business. There are no outside investors looking over his shoulder. All he must do is what he wanted to do anyway – serve customers with a service he and they cannot find elsewhere.
Filed under: Investing