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Personally, I'm happy building a smaller company. We're an LLC, so we're allowed to take draws at the end of each year vs. having to wait for a liquidity event
by tfang17 5y ago
Personally, I'm happy building a smaller company.
We're an LLC, so we're allowed to take draws at the end of each year vs. having to wait for a liquidity event (IPO or acquisition).
- x0x0 5y agoI did a vc company; my next one is 100% going to be smaller and bootstrapped if at any way possible. I definitely think it's the way to go for founders and tends to lead to better outcomes. That said, I don't think most saas -- particularly midmarket or enterprise targeting -- can be bootstrapped. You just require too much engineering (ie eng salaries) in the first couple years to self-fund.
- tfang17 5y agoBoth my cofounder and I are technical and code - helps save a lot on costs!