3 ms·
Bootstrap is more likely to hit a 10M exit VC funded is more likely to hit a 1B exit Depends on goals…. And yes I chose bootstrap.
by brianwawok 3y ago
Bootstrap is more likely to hit a 10M exit
VC funded is more likely to hit a 1B exit
Depends on goals….
And yes I chose bootstrap.
- threeseed 3y agoIt's not a binary choice. You can bootstrap until Series A at which point you can decide what direction to go. Either a successful lifestyle business or a bigger VC backed business. But you can't choose if you take YC/Seed. And you are more likely as a founder to acquire life changing wealth with a lifestyle business than a VC one.
- tptacek 3y agoWhy can't you choose if you go to YC? Plenty of YC companies have not raised A rounds.
- skeeter2020 3y agovoluntarily not raised A rounds, or been unable to though?
- tptacek 3y agoVoluntarily not raised A rounds. What do people think happens if you don't raise after YC? YC isn't a conventional VC firm. They don't take board seats. They don't need you to shoot the moon (they'd like it if you do, but they're not structurally dependent on it). They are in fact pretty chill about you going on to bootstrap after your batch wraps up.
- brianwawok 3y agoTrue, but a big reason to use YC is for the fundraising contacts. If you never go to A, you gave away a lot of your company for not a lot of money.
- gamblor956 3y agoThere are tens of thousands of bootstrapped companies that have had 10M "exits" when the founder ultimately decided to sell...after years of profits. There have only been a few VC backed companies that had billion dollar exits...only a few dozen that have even had profitable exits...which is about the same number of VC backed companies that have actually achieved profitability (but there is little overlap between these two groups) Bootstrapped companies are more likely to survive, and thrive, than VC-backed companies. You just don't here about them much because they've got realistic business plans, and that's not sexy to read about.