3 ms·
How about no decks at all? Why not just bootstrap your way to your first 1~10 million dollars and then be in a much more dominant position when it comes to trad
by curiousjorge 11y ago
How about no decks at all? Why not just bootstrap your way to your first 1~10 million dollars and then be in a much more dominant position when it comes to trading cash for equity?
You could literally be able to walk from any VC. You could ask for absolutely every set of conditions that puts you in favor. You could have complete control.
To me I think that is an invaluable asset to have, being the one with control not your investors whim. They should consider it an honor to be able to invest in you. You will be able to ask for far more. You run the business for your vision not theirs. You ultimately have more control over your destiny than being focused on burning cash fast to keep your investors happy and then looking for more of them before you run out.
- danieltillett 11y agoAs someone who bootstrapped themselves to this point (it did take me 15 years and quite a few detours) I do agree that not having outside investors is very nice. Having said this it is not an easy or quick way to build a business.
- deleted 11y ago[deleted]
- angersock 11y agoWhy not just bootstrap your way to your first 1~10 million dollars and then be in a much more dominant position when it comes to trading cash for equity? ...because that's actually rather difficult.
- hkmurakami 11y agoIt's often not an option in a high growth land grab market.
- rmason 11y agoNot an option? Just ask WhatsApp ;<)