Would you rather raise money or run a profitable company without external funding?
Most of founders dream to be on the front page of TechCrunch with their new funding round.
I had chance to be on the both side of the game(failed both times), and from my experience I would rather run and sell profitable company than raising external funding for my startup.
Share your thoughts!
Start small stay small. For as long as it makes sense. Bootstrap what you can for as long as you can.
Many founders take on investment money for the wrong reasons. The “I have an idea and need to build it and go to market” is not the smart time to take on debt.
You take on investment money when you already have strong traction and product market fit and you need investment to multiply growth faster than you would by bootstrapping.
Raising money will keep you from freedom of decision making. You will have to take investors onboard and you must align with their interests. On the other hand, scaling on your own in small niche would be tiring but you will have major profit.
In the end, if you believe you can do it on your own, go for small business without external funding.
Yes I agree!
Do your own thing with your own money. I'd rather own 100% of a smaller thing that I control than say 10% of a larger thing that I do not have very much control over. ;-)
Yes indeed, staying small is giving the you the full control and comfortable life as well.