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They call those "entrepreneurs". I worked in several companies bootstrapped by very wealthy founders.

• danieltillett 11y ago
  If the founders are wealthy is the company really bootstrapped, or just privately financed? If VCs think the idea is worthless and execution is everything why waste time listening to pitches? Just hire the best people able to execute, give them the money and get out of the way.
  • AndrewKemendo 11y ago
    That's actual work though, and that would also tie them directly with any of their failures. Can't have that.
    • danieltillett 11y ago
      It is true that it would take more work, but surely the rewards would make it worth trying. I can understand following the current modelled you are one of the tier 1 VC firms, but if you are tier 2 or 3 you need to do something different to succeed.
• deleted 11y ago
  [deleted]