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Bootstrap, charge money from the beginning instead of trying to get funding for a promising idea that might (or might not) bring money in some point in the futu
by kjksf 12y ago
Bootstrap, charge money from the beginning instead of trying to get funding for a promising idea that might (or might not) bring money in some point in the future.
How to do that is beyond the scope of this answer but there are plenty of blogs that talk about bootstrapping small businesses, like https://unicornfree.com/ https://unicornfree.com/ and https://www.google.com/search?q=bootstrapping%20business%20blog&rct=j https://www.google.com/search?q=bootstrapping%20business%20b... and resources like videos from MicroConf http://vimeo.com/user12790628 http://vimeo.com/user12790628
While the terms you describe are bad and you probably shouldn't take them (bootstrap instead), don't wallow in self-pity because you think U.S. entrepreneurs have it so much better.
They don't.
The number of companies funded by VCs are tiny. It's almost like winning a lottery. Don't build on the assumption that you'll win a lottery as well. The motto of Y Combinator is "Make something people want". If you do that and charge for it, you won't need the funding.
Funding helps but given that you're not in a place where good funding is available, do what every other business in your country does and do without it.
- emrahylmz 12y agoYou hit the right notes. We mostly read successful stories about U.S. entrepreneurs. I already refused their offer nicely and started to (try) charge money and I did (a little). My goal is not for receiving funding. Like you said we are trying to create "something people want". Actually problem is the offer. It was disappointment and its comes from biggest "startup accelerator" in my country.