3 ms·
And why is raising money so important? Can't a lot of software businesses be bootstrapped?
by mwcampbell 11y ago
And why is raising money so important? Can't a lot of software businesses be bootstrapped?
- api 11y agoBootstrapped companies are at a huge disadvantage vs. funded companies. Funded companies can afford deeper longer-sighted investments and kamikaze growth-at-all-costs free/freemium strategies that bootstrappers cannot. The only huge growth companies to emerge as startups that I can think of that started with a paid product were companies with an unavoidable physical dimension like Uber and AirBnB.