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Like? If I understand you raise outside only if you plan to scale and give a great return; otherwise it is better to bootstrap right?
by markcollin 3y ago
Like? 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...