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Bootstrapping still means that I, as an entrepreneur, am willing to invest my time and money on an environment that might have a reduced consumption in the futu
by soneca 7y ago
Bootstrapping still means that I, as an entrepreneur, am willing to invest my time and money on an environment that might have a reduced consumption in the future. If I have the same risk assessment, I would be better keeping my day job before going full-time on my idea
Appealing to crowdsourcing you are just saying that you hope less sophisticated and seasoned investors (the crowd) is willing to give you money while professional investors that are paid to assess risk (the VC) are not.
- marcus_holmes 7y agoFor the first business, you're probably right. For the second and subsequent attempts, bootstrapping makes way more sense than any other means of funding.