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taking loans/crowdfunding do not give away equity and are you trying to say that joining an accelerator means you can't consider yourself bootstrapping?
by yoavush 13y ago
taking loans/crowdfunding do not give away equity and are you trying to say that joining an accelerator means you can't consider yourself bootstrapping?
- onion2k 13y agoPerhaps you're using a different definition of bootstrapping, but in my understanding it means "starting a business and getting to profitability without taking external money in the form of selling equity or taking on debt"[1]. Accelerators pretty much always take a small chunk of equity, and bank loans are debt (obviously). Crowd-funding in the Kickstarter sense, with "pre-order" sales of a thing, is bootstrapping, but crowd-funding in the seedrs sense with a crowd of people investing by-proxy isn't - it's just a fund raising in a different way. [1] Similar to http://en.wikipedia.org/wiki/Bootstrapping_(business)#Financial_Bootstrapping http://en.wikipedia.org/wiki/Bootstrapping_(business)#Financ...
- yoavush 13y agoyeah, meant in the kickstarter sense. Anyway, thanks for the comments and putting time into explaining. see you around and have a beautiful day.