4 ms·
> this is a hard life for a solo entrepreneur and i do not recommend it wothout having raised a minimum of $2-5 million usd Let's not get everyone in the minds
by Improvotter 8y ago
> this is a hard life for a solo entrepreneur and i do not recommend it wothout having raised a minimum of $2-5 million usd
Let's not get everyone in the mindset that venture capitalism in the US is a good thing. Many startups and entrepreneurs in Europe and other continents have found success without raising any capital.
- trazire 8y agoVC funding is so overvalued, esp considering you don't need a money transmitter license to become a subscription service. Literally just use Stripe or something.
- geofft 8y agoI read this comment as "You can't do this as a scrappy one-person startup," not "You must raise VC." Bootstrapping by using $2-5MM you / your cofounders have (from previous ventures, happening to be rich, etc.) would work fine. Many startups and entrepreneurs can work great with minimal capital, both in Europe and outside Europe. The claim of this comment was this is the wrong business to be in if that's your goal (and I think that claim is intended to apply equally well in Europe).
- wheelerwj 8y agothanks for helping me get the point across, that's exactly what i meant.
- hisnameisjimmy 8y agoSo have many people in the US. However, I also don't think people should act like VC is a four letter word.