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The decision to raise money from investors is becoming an increasingly complex one. There's angels, funds doing seed rounds, funds doing series A and B, crowdfu
by kixxauth 14y ago
The decision to raise money from investors is becoming an increasingly complex one. There's angels, funds doing seed rounds, funds doing series A and B, crowdfunding, Kickstarter, bootstrapping and then raising money to scale, et al.
Or simply bootstrapping.
It's fascinating to see UserScape bootstrap itself to the point where it can seed fund its own products. That's an amazing place to be at and something to really aspire too.
But then, with seed money you can quit your job, focus on your product without freelancing as a distraction, and keep your business top of mind without financial pressures. But you better be damn sure that you're hitting high growth rates and get back on the roadshow to raise your series A. So there's that too.
- ianlandsman1 14y agoYeah, it's a tough call. Once you get on the funding train you kinda have to stay on it. They expect you to spend the money which means you're going to have high expenses which means you're probably going to need more money than your business will generate early on.