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From reading the article I don't imagine that the author has started or has the desire to start a company. > If you have a guarantee that you will become a hom
by jmathai 13y ago
From reading the article I don't imagine that the author has started or has the desire to start a company.
> If you have a guarantee that you will become a home run...
That right there sums it up.
On a side note, I think there's a huge gap between a VC company and a bootstrapped company. I believe most entrepreneurs, including those who get VC money, aren't looking to hit eBay sized home runs. I think many just want to build a successful business.
Their options? Bootstrap or raise VC. Raising VC sounds like an easier road and has all the glitz and glamour. As a result, many entrepreneurs go that route, few get it and most abandon their idea altogether.
Now the entrepreneur is stuck in an odd position of having to pitch and behave as if they're "changing the world".
There's no solution to the problem as far as I know but it's really a lose lose situation. It's too bad because there's a lot of value that disappears in the process because no financing model exists/works for the moderately successful startup.
- girvo 13y ago> It's too bad because there's a lot of value that > disappears in the process because no financing model > exists/works for the moderately successful startup. I disagree: I think Angel funding, coupled with a "bootstrap-hustle-your-arse-off" plan can mean that moderate success makes everyone involved a decent chunk of change. While some people use "Lifestyle business" derogatorily, personally it's exactly what I'm aiming for with my new business. A few mil in revenue each year, costs and personnel low, and I'll be a happy camper, working on what I want to work on :)
- jmathai 13y agoI agree with you but it's difficult to sell that type of business to angels from my experience. No exit. No money.