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You are right, there's nothing with lifestyle businesses, but the previous comment is still correct: they aren't good or investors. If you can bootstrap one and

You are right, there's nothing with lifestyle businesses, but the previous comment is still correct: they aren't good or investors. If you can bootstrap one and only need to take on small amounts of funding (i.e. via a business loan or from family members), then they are fantastic, but if you are trying to seek larger sums from outside investors the are problematic for the reason mentioned.

danieltillett 11y ago
There is a bit of a chicken-and-the-egg problem with startup here in Australia. Without a viable investor infrastructure founders won’t create the sort of businesses that will generate returns for investors (i.e they will create bootstrapped lifestyle businesses) and without the right type of businesses being created investors will avoid putting their money into start-ups since the type on offer are the lifestyle businesses that they can’t get the money out of. Someone needs to break this cycle and they only side that can do it is the investors - they need to start putting money into really early startup and supporting the types of companies that will generate returns for investors.