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Exactly! This the real choice: start a company or seek VC funding. The real reason to bootstrap, if your product/market permits it (e.g. doesn't require million
by skmurphy 17y ago
Exactly! This the real choice: start a company or seek VC funding. The real reason to bootstrap, if your product/market permits it (e.g. doesn't require millions in up front investment), is that it preserves your options. You can seek VC money later if your business--not just your plan or your team--can justify it, and often at more favorable terms. And bootstrapping has a much higher chance of success than the 1 in 200 seeking venture funding gives you.