What is it like to leave a promising life-sciences consulting career to bootstrap a venture and develop a software-as-a-service product? Kat Lu, one-half of team that delivers CozyCal, shares her experiences and lessons learned.
Highlights of Episode 58
- What it means to bootstrap a venture
- The challenges of bootstrapping
- The factors that Kat considered when deciding to leave her consulting career to join her husband full-time in their startup venture
- What helped Kat the most during her transition
- Factors to consider if you’re thinking of developing an app or an automated tool
• • •
Have you ever wondered about what it takes to develop an app and make it big in the App Store? (The next Pokémon Go?!) Or maybe you have this idea for a brilliant automated tool that will make a huge difference in your industry. Perhaps you’ve (not so) secretly dreamt of coming up with the next Facebook or Instagram.
Or maybe, you’re just curious about what it really takes to bootstrap a startup.
If so, this episode is definitely for you!
My guest is Katherine (“Kat”) Lu, one half of the team that brings you CozyCal, a simple online scheduling tool for small business owners and solopreneurs.
Kat left a promising consulting career in life sciences to join her husband and co-founder, Chris, to develop and launch CozyCal.
In this episode, Kat and I talk about what it means to bootstrap a venture, the sacrifices she and her husband took to launch CozyKal, the challenges she faced—AND facing—and how she is addressing those.
Kat also shares her experience transitioning from the medical and consulting field to being an entrepreneur, including one of my favorite questions to ask the guests—what helped her the most during the transition.
Validate your idea before building anything. And it’s not encouraged to [only] talk to people who are close to you because if you talk to your mom and dad they probably will say yes to everything. — Kat Lu
Mentioned in this episode
- Find out more about Kat, Chris, and CozyCal here
- The framework that Kat mentioned: The Bullseye Framework
- The Sheryl Sandberg interview that I mentioned
- Kat’s book recommendation: Annihilation by Jeff VanderMeer*
- The Peter Thiel book on Startups: Zero to One*
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