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Don't raise venture capital
- MicahWedemeyer 18y agoIf only the bootstrapping option weren’t so damn hard. Quitting your day job is quite a bit easier when you’ve got a war chest of VC funds that will carry you through for a year or two.
- comatose_kid 18y agoI agree, but this can be offset by saving more money while you are employed.
- MicahWedemeyer 18y agoAssuming you go this route, and save 50% of your income (no easy feat...), you have to work your regular job for a day for each day you want to work full-time on your startup. So, if you work for 2 years, saving like crazy, you've got living expenses for 2 more years. There are plenty of business that are still not profitable after 2 years. Growth just takes time.
- il 18y agoNot to mention that you're risking your own money instead of the VC's. And since most startups, even yours, are likely to fail, you'll probably have better odds going to Vegas and putting it all on red.
- bigthboy 18y agoI agree with the post that not only is VC funding hard when you're working with a web-oriented project (I've tried), but in many cases its unreasonable. The relatively low operations cost has lead to making it a more viable option to make a Web 2.0 company and still keep your head without VC funding. More appropriate, which the article failed to mention, would be Angel funding.