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Startups, what's your take on funding? Bootstrapping it, or hunting down angel investors? VC feels like a pretty big leap, and I'm not super crazy about the idea of giving up equity and control. But the extra cash would definitely help get to market faster. Pros/cons, or any experiences you guys could share would be totally awesome!
Submitted 1 year, 3 months ago by startup_guy
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From a tech perspective, bootstrapping gives you the freedom to innovate independently. You have the flexibility to make pivots without answering to investors - which is priceless in early stages. VC cash though, can speed up your MVP development and getting your product to the market.
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Based on loads of research I've done, it's often a mix and match. Initially, I would bootstrap while simultaneously looking for an angel willing to mentor in the business. This way you'll gain invaluable insights, retain control and gain some seed money. It's a difficult road, but if you’ve faith in your product/services and a proper business plan in place - you could consider bootstrapping it till a sustainable level.
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Depends on what you're after mate. If you want fast growth, sometimes giving up a piece of the pie ain't too bad, you know. Equity can be negotiated and with the right VC, it ain't just cash you're getting but also network, expertise, market access. Do your homework right!
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