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Sounds like a recipe for an incredible sunk cost for investors and everyone. You might as well work at an existing business rather than waste investors money w
by colesantiago 3y ago
Sounds like a recipe for an incredible sunk cost for investors and everyone.
You might as well work at an existing business rather than waste investors money when you know it's an expensive endeavor and you know there is no route for investors to get their money back.
Especially in this market where money isn't cheap anymore, not everything is investable.
A double negative.
- TaylorAlexander 3y agoI didn’t say no route to get investor money back - but some things require a large capital investment to get started. Are you suggesting everything worth doing can be bootstrapped?
- quickthrower2 3y agoThe fusion example is extreme. That sort of thing needs government funding. But say you want to make a new gadget, yeah you would find it hard to bootstrap unless you are already a multimillion dollar company.
- spacecadet 3y agoEven gadgets can be bootstrapped, I have several toys I could productize tomorrow that cost me very little to prototype.
- TaylorAlexander 3y agoSure I’m bootstrapping a small toy now. But to suggest that every single business idea worth building right now can be bootstrapped - I don’t see it.
- pyb 3y agoWhy not ? Boostrapping + Kickstarter for instance is a well trodden path at this point.
- quickthrower2 3y agoI didn’t consider kickstarter. Good point.