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Hey, hey. Some of us actually bootstrapped our companies, effectively paying people (incl. ourselves) from our own pocket :-) For some, the risk/independence t
by Radim 8y ago
Hey, hey. Some of us actually bootstrapped our companies, effectively paying people (incl. ourselves) from our own pocket :-)
For some, the risk/independence trade-off doesn't stop at "VC's bitch".
- osrec 8y agoIndeed, I was in the same boat - funding out of my own pocket. Now I still have full control of all my equity, which of course feels great. Otherwise, you risk becoming a glorified employee again and the control you worked hard for slowly fades away.
- throwaway84742 8y agoSure, there are some who bootstrap. But the vast majority do not.
- eloff 8y agoSource? I think one would find that most tech entrepreneurs are not backed by VC capital. VCs only invest in certain kinds of businesses that have the potential to grow to at least ten million dollars. YC looks for potential billion dollar companies. The VC business model just doesn't work for smaller businesses, which are probably the majority of tech businesses.