5 ms·
Why Every Startup Should Bootstrap
- jgalt212 11y agoI had this nightmare the other day: Our new company was suddenly funded by a VC. Incessant tweeeting by one of their partners very quickly got us 5 new competitors and 0 new customers. If I were starting a company today, I'd look to raise PE money who is more quiet about their investments than VC money who are not.
- danieltillett 11y agoWhat is this new company - I am intrigued?
- jgalt212 11y agoThe company is not new--so it was more a temporal shifted nightmare.
- danieltillett 11y agoI am also a true believer in bootstrapping, but we don't all have the advantages that Ryan had when he started qualtrics. You either need a very good idea or a very generous family to bootstrap.
- maneesh 11y agoor a good ability to market your product, or to build leads pre-product
- danieltillett 11y agoYou do need the resources to build your product before you can market it. I would argue any product you can get people to pay for when it just a concept is a very good idea.