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I don't laugh at bootstrapping at all, and have tons of respect for people who can do it all the way. But sometimes some runway is needed. But by all means you
by api 12y ago
I don't laugh at bootstrapping at all, and have tons of respect for people who can do it all the way. But sometimes some runway is needed. But by all means you should bootstrap as far as you can go that way. The more you de-risk and get traction bootstrapping, the better the terms will be if you do raise... By a huge margin.
I too do not understand some of these things that raise millions on nothing. Don't get it at all. The only thing I can figure is that they have some connections, or there is something funny going on.
- throwaway54309 12y agoIn some ways it's easier to interest investors with a Powerpoint than after you've shipped. With only a slide deck you have unlimited potential, while business reality is usually very different. :)
- api 12y agoOnly dumb investors. Hate to put it that bluntly, but I can't imagine anyone who really thinks much about investing falling for this bias.