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Bootstrap was always around, and will always be around. It's just that they don't make headlines as much. If it can't become a unicorn, it has to be bootstrapp
by muzani 3y ago
Bootstrap was always around, and will always be around. It's just that they don't make headlines as much.
If it can't become a unicorn, it has to be bootstrapped. It's how the VC game works. There's exceptions, notably 500 Startups have said that they're happy with "my little ponies" ($10m or so) but there's very few who play in this space. Most VCs would consider it a failure and force the startup to either unicorn or die.
I'd say anything that can't hit a valuation of $1B or $10m is in very fertile grounds to be bootstrapped. They're too small to be VC backed and won't face all the suppression fire they'd get when competing with VCs. They're still acquirable; Android was angel backed and not VC backed then acquired for a ridiculously cheap price of $50m. That's enough money for most people to be happy with (including the angel investor).