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Hey Tyler! I'm actually super interested in Earnest. One thing I was thinking is, the traditional VC model works in cycles - founders raise some money, build &
by dmonn 8y ago
Hey Tyler! I'm actually super interested in Earnest. One thing I was thinking is, the traditional VC model works in cycles - founders raise some money, build & sell, raise some more, build & sell - by the time they raised $100M hopefully they are at least close to profit.
How does that work with bootstrappers? Ideally they'd only have to raise money once (from you), but what happens after the $100k (example) run out and the business is only generating, let's say, $2k/month? Back to 9-to-5?
- tylertringas 8y agoWell, yes in some cases. Our goal is definitely for founders to get to personal break-even, where they can pay themselves enough to work on the business full-time, by the time our investment runs out. Some percentage of these will fail (startups are hard) and we're expecting that. Hopefully, you meet a ton of cool people along the way and we can sort out something cool as a next step that isn't 9-to-5 drudgery tho.