How this bootstrapper made it work: Great advice from Dan Price’s amazing startup journey
Summary
It was such a great feeling.” Price, who later founded Gravity Payments while attending Seattle Pacific University and actually finished second in the UW Business plan competition in 2007, told the story of his entrepreneurial beginnings last week to make a point to the young entrepreneurs in the audience. Back in 2007 when Price was competing in the UW business plan competition, a judge from the technology industry suggested that his company — which was already generating millions — should sell out while before getting crushed by the Visas of the world. “It was a really great time in my life, as much as it was very traumatic, because it taught me a lot of perseverance and sticking to your guns.” That philosophy helped build Gravity in the later years, a company which now employs more than 100 people and to this day has generated more than $290 million since inception. And, hopefully in the end it will also make us successful.” He then took a shot at the famous line in the movie “The Social Network” in which the character representing Sean Parker tells the Facebook founders: “A million dollars isn’t cool. “What’s being cool is being happy, and serving others and caring about others and all of these things that go along with true success.” Previously on GeekWire: From flu finders to sauerkraut: Meet the winning teams from the UW biz plan competition Here’s Price talking about his entrepreneurial journey in a piece with KING 5 last year.