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Why do you need VC funding? Plenty of people have bootstrapped businesses with no outside funding. Don’t ask VCs to pay your paycheck - ask customers to. Make s
by xivzgrev 6y ago
Why do you need VC funding? Plenty of people have bootstrapped businesses with no outside funding. Don’t ask VCs to pay your paycheck - ask customers to. Make something that’s worth paying for.
- dumbfoundded 6y agoSome ideas have huge buy in. They're capital intensive and that's just the way it is. Even for other ideas, sometimes it's nice to have founders not worried if they're going to be homeless. Definitely tradeoffs on both approaches but I can see the reason why some choose to pursue VC funding from the beginning.
- tootahe45 6y agoA photo organizer is not capital intensive, unless of course you have a lot of users and need more compute space or something.
- dumbfoundded 6y agoThat goes towards my second point. Everyone has living expenses. Not all founders are in a position where they can afford to drop their income to $0 for extended periods of time.