Bootstrap vs. Raising VC Money
Bootstrap vs. Raising VC Money
If someone is starting a company, should he/she bootstrap or raise VC money?
teresaman·Jul 07, 2020·1 replyteresaman·Jul 07, 2020·1 replyHey Pianpian! These threads may be helpful as folks have shared their thoughts on this previously: https://elpha.com/posts/jaidjca4/bootstrapping-vs-investmenthttps://elpha.com/posts/v7ljwj4n/is-anyone-here-bootstrapping-their-companyhttps://elpha.com/posts/qsw82q6g/in-which-situations-do-you-think-bootstrapping-is-a-better-choice-than-vc-funding
pianpianxu·Jul 11, 2020pianpianxu·Jul 11, 2020Thank you!
DianePrince·Jul 11, 2020DianePrince·Jul 11, 2020My favorite book on Startups is REWORK. I'd refer to the chapter "Outside money is Plan Z" "No matter what kind of business you're starting take on as little outside cash as you can. Spending other people's money may sound great, but there's a noose attached..." And there's a big gap between bootstrap and VC. Friends and family is usually first if you really need money. Feel free to message me or ask here and I'll reply.
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