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No.
by _pius 16y ago
No.
- robg 16y agoWho were his large investors?
- SwellJoe 16y agoIt was initially funded, at least partially, through research grants, I believe. But, shouldn't you have instead said, "Wasn't Bose a bootstrapped company?" if you were talking about how the company was funded?
- robg 16y agoSure, but I was playing off the contrast as it's typically being made today. Sounds like he never had an interest in VC. Seems like Bose is at least one counterpoint to this view: http://news.ycombinator.com/item?id=2338140 http://news.ycombinator.com/item?id=2338140
- SwellJoe 16y agoThat's a good point, and I wasn't aware of this discussion, which gives your comment more useful context. I think there are a lot more examples than pg hints at, they just happen to be less common in tech...which someone else theorized could be because money is so easy to come by in technology and less so in other fields. People don't have to bootstrap as often in tech, so fewer big success stories started out by bootstrapping. I think maybe it's a hard thing to figure out because there are so few Googles, Amazons, and Apples in the world. If you only have a few extreme outliers to look at as your data, your conclusions might be completely wrong, even though they fit the data perfectly.