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>> I personally think it’s better to struggle early on than to give away money like candies to founders I agree, and disagree. My business was bootstraped, we
by bruce511 1y ago
>> I personally think it’s better to struggle early on than to give away money like candies to founders
I agree, and disagree.
My business was bootstraped, we never took outside investment, and it succeeded and makes money. It employs 50 odd people and is a big fish in a fairly small pond.
We make the world better for a few thousand people (customers).
But our approach couldn't lead to a Facebook, or Amazon or Uber etc. Products like that work best once they achieve scale, and achieving scale is expensive. But Uber (goes example) works poorly with 50 drivers in 1 city.
For most businesses and most founders, more is achieved with less. Most businesses don't need scale to be effective.
But equally, the VC approach is necessary for some subset of problems.
- kayovin1 1y agoGreat to hear about your company Bruce We will see stories like this appreciated more than VC-backed startups as it's simply more sustainable and impactful
- solardev 1y agoWell said. > For most businesses and most founders, more is achieved with less. Most businesses don't need scale to be effective. I wish more businesses thought this way.