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I agree with everything OP has to say.

OTOH, if you are addressing an immediate need; that is, if you have prospects whose hair is really on fire and you can put together a good (not perfect) solution fairly quickly and cheaply, then you have a "sugar daddy".

That's right, a customer who can bootstrap you. You have a nice influx of cash, real user feedback, a raving referral, and a tangible asset in your back pocket as you go out into the world. Not easy, but not unusual either.

Imagine writing software for 3 months, selling the first copy for $50K, and keeping the IP. It's very doable if you know what you're doing. Not a bad springboard for a bootstrapper, huh?



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