Relationship Science (RelSci) is a startup that has raised nearly $90 million in funding, far exceeding its initial target. However, its founders exemplify bootstrapping by successfully using their platform to acquire clients. The service is designed to facilitate networking akin to LinkedIn, but offers distinct features and has a smaller database of around 2.5 million entries. RelSci attracts clients willing to pay substantial fees for its extensive networking capabilities aimed at businesses that require access for multiple employees.
"We used the system ourselves... We're a living example that this works." - Neal Goldman highlights how RelSci used its own service to gain clients.
"RelSci is not a competitor to LinkedIn, as Goldman admires LinkedIn but perceives RelSci’s function and user base as distinctly different."
"People were throwing their own boots at it-$13,000 Luccheses" - This illustrates the overwhelming interest and investment in RelSci, indicating its appealing business model.
"Clients pay a minimum of $3,000 annually for access to RelSci’s database, as it targets organizations needing extensive networking capabilities for many employees."
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