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Interesting. My primary business happens to be a (bootstrapped) DNVB with comparable customer count. And despite stories such as Bonobos, etc, we have seen virt
by daxorid 9y ago
Interesting. My primary business happens to be a (bootstrapped) DNVB with comparable customer count. And despite stories such as Bonobos, etc, we have seen virtually zero interest from outside investors.
I suspect your contention is accurate only for founders who are previously "connected" to the Silicon Valley world.
- TaylorGood 9y agoAs mentioned above, the anecdote Native received funding I was also unaware of. However, you could continue to scale and be just as appealing for M&A. What’s your DNVB angle? Proctor and Gamble isn’t quite “inner valley”
- daxorid 9y agoWithout going into too much detail, it's men's apparel and accessories - primarily accessories. Yes, P&G isn't SV. I meant more that the founding team was already pre-connected to the VC world, possibly through law school connections. They had already raised prior to P&G noticing them in the first place, and very likely leveraged those connections for an introduction to P&G. DNVB businesses whose founding or management teams have no such connections is not in a position to even meet such people, let alone attract interest from them. Hence, we quietly bootstrap and slowly build our businesses away from any serious equity funding opportunities.