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I think the case for taking VC money is because some startups have hard and expensive products that require huge upfront capital to realize. This could mean hir
by tzhenghao 8y ago
I think the case for taking VC money is because some startups have hard and expensive products that require huge upfront capital to realize. This could mean hiring a team of engineers with significant expertise in the area as well as purchasing hardware that aren't entirely off-the-shelf. If you want to build flying motorcycles [1] or rockets, chances are you need some financial aid unless you're Elon Musk.
Aside from that, bootstrapping and not raising money could work for you.
[1] - https://techcrunch.com/2019/03/07/ycs-latest-moonshot-bet-is-a-startup-building-a-380k-flying-motorcycle/ https://techcrunch.com/2019/03/07/ycs-latest-moonshot-bet-is...