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imo "lifestyle business" is a silly label used in vc circles (to describe people who don't want their money) A venture-funded business supports VC lifestyles a
by credo 17y ago
imo "lifestyle business" is a silly label used in vc circles (to describe people who don't want their money)
A venture-funded business supports VC lifestyles as well as founder lifestyles, while a bootstrapped startup doesn't impact vc lifestyles (unless it competes with a vc-funded business).
vc-funding and bootstrapping are both legitimate options, but to describe the latter as a "lifestyle business" and the former as something else is absurd.
- tptacek 17y ago"Lifestyle business" is also a dismissive term used by financiers to describe the early stages of bootstrapped companies, but the nice thing about not needing VC money is: you don't need to care what financiers think about you. Look at it this way: 5 years ago, investment bankers were laughing at all of us. Did we care? Where do you think venture capitalists come from?
- delano 17y agoThey laughed when I spoke about my lifestyle business, but when I started to turn a profit!