3 ms·
Good luck. One alarming thing IMO in the post is the focus on getting funded vs. validating (or even selling) a product Funding is just an ingredient (not eve
by asanwal 13y ago
Good luck.
One alarming thing IMO in the post is the focus on getting funded vs. validating (or even selling) a product
Funding is just an ingredient (not even required always) in the recipe. The final product is the cake.
Bootstrap if you can -- build something people want (sorry for the trite startup advice) and charge for it.[1]
Don't mean to be pedantic. I just find the narrative on getting funding as a pre-req for success which has become the norm to be a bit overblown.[2]
Notes:
[1] I'm a co-founder of a bootstrapped 7-figure recurring revenue SaaS business in NYC.
[2] 2/3 of last year's tech exits were not institutionally funded -- http://www.cbinsights.com/blog/trends/global-tech-exits-report-2013 http://www.cbinsights.com/blog/trends/global-tech-exits-repo...
- RyanZAG 13y agoHe was a VC previously. VC generally has a very strange concept of entrepreneurship that seems to boil down to VC being some kind of gate keeper over who they allow to be successful by throwing money at them. It's also why most VC companies are terrible at both advice and actually making money for their investors. The good VCs realize that they're just a minor part in helping an already successful business expand rapidly. These are the kinds of VCs who end up funding companies like WhatsApp.