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A "bootstrapper" is not a permanent state of mind. Basically all entrepreneurs of the past were bootstrapping entrepreneurs in the sense that they view outsid
by gigamon 19y ago
A "bootstrapper" is not a permanent state of mind.
Basically all entrepreneurs of the past were bootstrapping entrepreneurs in the sense that they view outside investment (whether from VC's or angels as "working" capital and not R&D money). In other words, a bootstrapping entrepreneur is someone who is determined to take their venture to a point when ALL they need is money.
So in that sense, you always need to speak (aka pitch) to potential investors (these are your future partners who would provide capital and only capital when you need it and only when you need it). One way to understand this is that as an entrepreneurs, we are not here to build products or features, but we are here to build companies (which is our ultimate product).
You should embrace every opportunity to speak with a VC, to practice, to articulate your dream and to understand who they are and what they do. VC's are simple people with very simple objective (to make money). And sometimes, that simplicity is all entrepreneurs really need.
I have written an article on my experience with VC's and my own perspective on who VC's are and they are not. I hope this helps.
How to Turn Your VC into Your Worst Enemy?
http://www.lovemytool.com/blog/2007/10/vc-worst-enemy.html http://www.lovemytool.com/blog/2007/10/vc-worst-enemy.html
Good luck with the meeting and good luck on your learning.
--Denny--
Denny K Miu