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Can you explain why? Are you suggesting he used the money on marketing instead of product? I don’t know too many bootstrapped companies that are billion dollar
by moomoo11 3y ago
Can you explain why? Are you suggesting he used the money on marketing instead of product?
I don’t know too many bootstrapped companies that are billion dollar plus but most well run bootstrapped companies can end up becoming successful small and mid level companies that make a decent money. At least from a revenue:num_employees, can’t be capital intensive so they have to be profitable from early on. Pls explain I’m interested to learn thanx
- morgante 3y ago> Are you suggesting he used the money on marketing instead of product? No, a lot of the marketing/hype just came from Naval and other influencers on Twitter. > most well run bootstrapped companies can end up becoming successful small and mid level companies that make a decent money "well run" is doing a lot of work here, but: - Most bootstrapped companies fail, period. - Most of them fail without anyone ever noticing they existed. It's very hard to break through the noise, and I know lots of companies/projects that failed without ever getting more than a handful of users.
- moomoo11 3y agoI see. Thanks! And how does VC help? Is it just the capital infusion or something else