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I would be willing to bet a large amount of money that the large majority of successful businesses are either bootstrapped or use traditional loans as funding.
by mdorazio 5y ago
I would be willing to bet a large amount of money that the large majority of successful businesses are either bootstrapped or use traditional loans as funding. The stats don't work out any other way - several hundred thousand new businesses are started in the US each year, but only a fraction that number could possibly be angel or VC funded. Your perspective only applies to a narrow slice of SaaS businesses.
- sbilstein 5y agoI suppose when I read Hacker News, I think about the kind of companies that would apply to YC or otherwise compete with SV-ish funded companies.