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> Building a bootstrapped business (i.e. NOT taking venture capital) is a rare skill. It is VC companies that are rare - the vast majority of businesses of any
by conanbatt 4y ago
> Building a bootstrapped business (i.e. NOT taking venture capital) is a rare skill.
It is VC companies that are rare - the vast majority of businesses of any kind - and also internet businesses - are bootstrapped.
- argiopetech 4y agoVC-backed businesses being more rare than bootstrapped ones does not reduce the rarity of a successful bootstrapped business or the skill needed to create one. To your parent's point, it is likely a rarer skill to successfully bootstrap businesses than to take venture capital. The difference is opportunity. A plumber in Oklahoma can bootstrap a successful plumbing business, but wouldn't be likely to get venture capital for such a business.