Before MicroAngel DAO, there was just MicroAngel, founded by sh0.
It was created to solve a common catch-22 among entrepreneurs in web2: I don’t want to raise money anymore and I don’t want to go through the pain of bootstrapping.
Most individuals without “a big win” tend to run into this wall.
Because raising money may not even be an option, most end up bootstrapping.
Typically, this results in committing some capital as living expenses to fund 12 months of personal runway needed to hopefully get a product build, launched and generating revenue to break-even and break free.
Naturally, the success rate is not great. And I’ve been through it.
This time, I chose a third option: acquiring products.
My main goal was simply to buy back my time so I wouldn’t have to work as a freelancer half my week to be able to do other stuff the rest of the week.
Instead of burning personal runway to hopefully make it, I figure I might instead grow my capital while also buying back my time, all by acquiring an already cashflowing product from Day 1.
You can read the entire journey from idea to exit here:
