Bootstrapping or VC-backed?
Irina Ivashchinenko
13 replies
Let's find out who is more on Product Hunt!
Replies
Nick Anisimov@nickanisimov
Bootstrapping for today!
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Bootstrapping!
It depends...
Bootstrapping is hard but enables you to grow at a controllable pace at the start and forces you to focus on increasing revenue instead of other vanity metrics.
VC is great if you have already bootstrapped the business to a certain stage for instance and are now going for the $100M+ ARR big swing with investor money and confidence.
VC is also an option if you are able to paint a clear vision for how you're going to dominate an already large or fast growing market. To reach this goal you must grow fast and ruthlessly execute your way into a big exit within ~7-10 years
@ed_forson agree. I was wondering what the audience is for Product Hunt, and it looks like more startups are bootstrapping!
Bootstrapped: I have to work harder, but I'm proud of what I've built.
We didn't have a choice but to BOOTSTRAP lol plus I don't know what VC-backed means hehe
@iren_ivashchinenko I could google it but I’d much rather ask here if you have 1min :D
I supposed it meant “backed by investors” but I’m far from sure
Melissa Kwan is a 3x bootstrapped entrepreneur and has amazing advice. Followed her on LinkedIn here: https://www.linkedin.com/in/meli...
So after 20h, bootstrappers win the contest in PH?