One MS employee recently said to Stephanie (my partner) that (paraphrasing) "your company isn't stable and can't possibly last". My reply: We've been in business for over a year now, and our business is just a natural extension and continuation of our careers. I've been programming since 1985, and developing commercial data compression and other software since 1993. I've been doing this for a while and I'm not going to stop anytime soon.
Having my own small consulting company vs. just working full-time for a single corporation is just a natural next step to me. One thing I really liked about working at Valve was the ability to wheel my desk to virtually anywhere in the company and start adding value. I can now "wheel my desk" to anywhere in the world, and the freedom this gives us is amazing.
Binomial is a self-funded startup. We work on both development contracts and our current product (Basis). We haven't taken any investment money. Our "runway" is basically infinite.
Unfortunately, this is one of the main obstacles to get bit contracts in big companies
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