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There are many ways to bootstrap consumer facing websites and other businesses that require a lot of early capital, you just have to be creative. I'm just tryi
by rsweeney21 8y ago
There are many ways to bootstrap consumer facing websites and other businesses that require a lot of early capital, you just have to be creative. I'm just trying to get people to think outside the "VC is the way" mindset because it burned me and because the experience wasn't what was promised.
- jasode 8y ago>There are many ways to bootstrap consumer facing websites and other businesses that require a lot of early capital, you just have to be creative. Yes but other financing options such as crowdsourcing (e.g. Kickstarter, or blockchain initial coin offerings), or charging consumers via subscription payments ... all have their disadvantages compared to VCs. Another factor that may handicap your business is how your competition is financed. E.g. if your competition has $10 million in VC money but your business sticks to "bootstrapping" out of principle to stay anti-VC, you will be outspent in scaling out and may fail anyway. Really, the critical advice is to be smart about analyzing the VCs and their financial terms before accepting their money. If VCs don't make sense for your particular business, don't do it.
- rsweeney21 8y agoExactly. Venture capital is not bad. There are pros and cons.