If you are in Ireland then at some stage, usually once your initial product is approaching beta, you WILL need to get on a plane – a lot! However, the holy grail of building a global empire while bootstrapping from behind your desk is possible – yet super rare – and I can only think of a one Irish Tech company today that fits that bill.
Teamwork.com is based in Cork, has a team of 23 people (all engineers – no real sales or marketing resources) and will probably do €10M in revenue this year. Teamwork was founded by Daniel Mackey and Peter Coppinger and they have taken no outside funding. In my opinion, Teamwork has to be one of the most unrecognized/ unknown success stories in Irish Tech these days. The guys are heads down, super profitable, passionate about product development and giving the big boys a very serious run for their money. They are world class and need to be celebrated as the model of ‘bootstrapping’ success. A model that Ronan Perceval (another bootstrapped success, who only recently took investment after building a large company) talks about in his great medium post entitled ‘What Startups can learn from the Mittelstand‘
Yawn – how unsexy! They didn’t have any big funding announcements or win a place on a famous accelerator. How are they going to make VC’s rich? How are they going to scale? How will they get overseas customers? Hell, they barely even had a mention on TechCrunch.
I doubt they will ever make it – poor guys :)