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I'd frame 1) slightly differently, as there are many cases of bootstrapped unicorns. Time is also a currency, so you make a trade-off between time (extra years
by crdb 9y ago
I'd frame 1) slightly differently, as there are many cases of bootstrapped unicorns.
Time is also a currency, so you make a trade-off between time (extra years of your life spent acquiring funds to scale, and delayed product launch) and control.
Time is also an issue when you have competition, in the sense that your competitors can get there first by raising money.
- lpolovets 9y agoI agree with you. I tried to be deliberate about this by saying VC is a great option to consider for venture scale company -- but it's definitely not the only option.