Bootstrapping or self-funding your business?
Germán Merlo
13 replies
It may sound like the hard way, but it's increasingly becoming a viable option for entrepreneurs. Compared to the traditional route of obtaining venture capital (VC), bootstrapping can offer your business a range of advantages.
Unlike VC funding, bootstrapping allows you to maintain complete control of your business, limits financial risks, and requires less paperwork. Bootstrapping is also a way to keep costs down, experiment more quickly, and scale in a more efficient way.
Try this self-funding approach and unleash the full potential of your startup!
Your thoughts?
Replies
Shajedul Karim@shajedulkarim_
both have their merits.
bootstrapping’s tough, but it keeps you in the driver’s seat, full control.
less financial risk, less red tape compared to VC money.
it’s about being lean, experimenting fast, scaling smartly.
sure, it’s challenging, but it can be super rewarding.
anyone here bootstrapped their business? what was your experience like?
would love to hear different perspectives on this. what’s your take? bootstrap or vc?
Share
@shajedulkarim_ I had both sides. As you said, both have their merits. But VC path is like dating. You're looking for add a partner who will have voice in the company at the end.
Lancepilot
Absolutely on board with the bootstrapping journey! It's like crafting a masterpiece with your own hands, every decision, every pivot is yours to mold. 💪 Less red tape, more creative freedom. It’s a symphony of self-sufficiency. 🎻
Bootstrap gang
Bootstrap forever!
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App Finder
I'm also convinced of the advantages of bootstrapping. I've self-funded App Finder until now and plan to add crowfunding soon, without giving control out of hands.
What's one piece of advice you'd give to someone considering the self-funding path for their startup?
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