Ask HN: Would you borrow money to grow your bootstrapped subscription business?

2 points by podingx 8 years ago | 6 comments

I've gotten an offer for an advance on my recurring revenues ($3k MRR) and would need to repay the loan by giving up 5-10% of my monthly sales until it's paid off.

I could use the cash to pay for some design help, but not sure if I should just wait until my business generates enough money to hire a designer.

Anyone have experience with this?

freestockoption 8 years ago |

If you are up for it, learn a little about designing. Read some design docs and stylesheets. Google, Apple, Microsoft all have good ones.

By learning, you may be able to go a little longer without a designer. And when you need a designer, you'll be able to participate more.

sharemywin 8 years ago |

This site?

https://www.trycelery.com/features

sharemywin 8 years ago | |

I wouldn't waste time on a designer. it looks pretty awesome.

podingx 8 years ago | | |

thanks! but the saas business isn't this site. more of a personal project i've been tinkering with.

sharemywin 8 years ago |

Is your revenue growing?

podingx 8 years ago | |

Slow and steady growth through organic search + WOM. Haven't tried ads yet. Growing at $100-150 additional per month.