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> software idea cases if I won't bootstrap it, then I don't believe in it enough, and/or can't get others to believe in it enough. On the flip side, if you can
by maccard 3y ago
> software idea cases if I won't bootstrap it, then I don't believe in it enough, and/or can't get others to believe in it enough.
On the flip side, if you can't convince someone whose job it is to give out money to give you money, do you feel confident you can convince someone else to pay for your product? For me, getting VC buy in is proof that someone else thinks that there is money in the idea.
- fidotron 3y agoVC buy in proves the VC thinks they might be able to get someone else to buy in. It doesn't mean they think there's money in the actual idea.
- satvikpendem 3y agoYou should be able to bootstrap to at least several thousand dollars in MRR, which derisks the business enough for VCs to fund you. If you're pitching purely on an idea, it's no surprise VCs won't fund that, they're taking more risk.
- maccard 3y agoIf you have X000 MRR, you're not bootstrapping, you're growing.
- satvikpendem 3y agoBootstrapping refers to not taking outside capital; you can bootstrap and grow simultaneously and indeed, that's what you should be trying to do anyway.
- JohnFen 3y ago> if you can't convince someone whose job it is to give out money to give you money, do you feel confident you can convince someone else to pay for your product? Why not? Those two things seem unrelated to me.