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Why is there this overwhelmingly anti-bootstrapping sentiment present in the startup community? What's so wrong with taking outside funding?
by modarts 14y ago
Why is there this overwhelmingly anti-bootstrapping sentiment present in the startup community? What's so wrong with taking outside funding?
- j_col 14y agoIf you take outside funding, you're not bootstrapping. According to Wikipedia: "Bootstrapping in business means starting a business without external help or capital." Source: http://en.wikipedia.org/wiki/Bootstrapping#Business http://en.wikipedia.org/wiki/Bootstrapping#Business There is nothing wrong with taking outside funding, but then you don't get to call it bootstrapping any more (as per the widely-accepted definition above of what the term means). This is mixing up terms.
- modarts 14y agoI should have clarified that I was trying to ask a more general question as to why bootstrapping is seen as a superior way of starting a company as opposed to taking on funding.