12 ms·
The odds of succeeding with a bootstrapped software startup are tiny. Though I don't know maybe it's different in the US.
by jongjong 3y ago
The odds of succeeding with a bootstrapped software startup are tiny. Though I don't know maybe it's different in the US.
- gnicholas 3y agoThe bar for success is much lower. VCs want a big multiple, so they want you to take risks. If the risks pay off, everyone wins big. But when you're bootstrapping, it can be a 'win' to make a couple hundred grand a year, working part-time. Most people consider that to be a pretty good gig.
- j7ake 3y agoThe odds of succeeding with VC is even tinier. It’s just that the media hype up the lottery winners so VC continues to have companies wanting their money.
- satvikpendem 3y agoBut they already did it once, which massively raises the odds the next time around, which might not be so for VC, whose odds anyway is still tinier than bootstrapping, because you can just make enough to live off of and call that successful.