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I'm surprised this isn't talked about more. Trading your job for a VC-backed startup is just changing one master for another, with a more uncertain outcome and
by eloff 6y ago
I'm surprised this isn't talked about more. Trading your job for a VC-backed startup is just changing one master for another, with a more uncertain outcome and better upside.
I came to the conclusion I'd much rather own 100% of something small than 10% of a Unicorn. So I changed to part-time work to cover the bills and I'm bootstrapping. I think if I'm ever successful enough to need an HR department, I'll sell the business and move onto the next thing. I don't ever want to spend less than 50% of my day knee-deep in the actual code.
- hef19898 6y agoThe biggest reason that so pushes me away from VC funding. One Pre-Seed fund reached out, so, and I will most likely pitch the guys. Because VC money allows you to speed things up in ways you can't by relying on free cash flow. That being said, I'd still prefer the latter becaus I don't want another boss (or multiple ones). Gess it depends on the conditions, so. And good point about the HR-department moment, that's the thing I fear the most in getting to many customers!
- eloff 6y agoPre-seed? So that's what maybe $10-$30K investment? Save yourself the trouble and do some contract work for 1-3 months, you can make the same amount with no strings attached.
- hef19898 6y agoThen after seed, the 30k are already there. More like 100 - 150k. Would speed things up, but solvable without investors as well. We'll see...