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Ask YC: Venture backed Startup or Bootstrapped/Consulting route?
I am curious to know the route founders/ potential founders would take, and more importantly Why?:
1.) Raise money from VC's?
2.) Bootstrap/ Consult you way through?
- npk 18y agoThe choice seems to be, do you plan on building a leveragable product or not (http://blog.pmarca.com/2007/06/the_truth_about.html http://blog.pmarca.com/2007/06/the_truth_about.html). If the answer is no, then you bootstrap, if the answer is yes, then leverage the hell out of it -- and so you need $$ from VCs. My personal choice is to leverage. Riskier, but more fun.
- brlewis 18y agoThe whys: 1) Capital and advice for fast growth 2) Control, flexibility, or you're going after a market where growth is necessarily slow.
- bigtoga 18y agoInteresting. Sorry to hijack this post but I want to know: 1) Which is better: Ford or Chevy? 2) Should I use Linux or WIndows And don't forget the most important thing: Why?
- jon_dahl 18y agoDon't forget angel investors. Not easy to get, but then again neither is venture funding. You can often raise enough for a YC-style startup - I know an entrepreneur who raised over $4M from angels and no institutional funding. The upside of this approach is that it may open other paths to success. A VC is likely going to push you to go big big big. Angels are more likely to be happy with a modest success.