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There is no pressure if you don’t need much money and get it from right people, who know the deal upfront
by ushakov 3y ago
There is no pressure if you don’t need much money and get it from right people, who know the deal upfront
- brokensoul98 3y ago[dead]
- markcollin 3y agoLike? If I understand you raise outside only if you plan to scale and give a great return; otherwise it is better to bootstrap right?
- ushakov 3y agoIncorrect. At early stage, the funding is primarily so that the team can pay themselves a salary. They don’t expect any returns at that point. Most (96%) of the VC-funded startups do not make more than $1m revenue. Bootstrapping is in my opinion much worse, because you put your own capital at risk Source: https://venturebeat.com/entrepreneur/getting-to-50-million-how-to-avoid-the-saas-valley-of-death/ https://venturebeat.com/entrepreneur/getting-to-50-million-h...