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Google also used a bunch of credit cards initially from what I understand. I'd rather have 20% APR, than give away 20% equity. Why? Because when the debt is pa
by tibbon 8y ago
Google also used a bunch of credit cards initially from what I understand.
I'd rather have 20% APR, than give away 20% equity. Why? Because when the debt is paid to the credit card company they go away. The VCs will always want more and more, pushing your company faster than it should go.
- brianwawok 8y agoDepends on risk profile. 30 with 3 kids and no savings? Yes please, give away some of my profits so VCs can derisk the startup. 20 and living with parents? Bootstrap away, if I fail I will be fine.
- SimbaOnSteroids 8y agoIIRC the google guys had VC crawling down there back and had to tell them to back off.