Bingo. I don't even want to be noticed (hence this throwaway account).
My startup has taken over an entire national B2B SaaS market segment but our major competitor hasn't realised yet. They deal in many segments and are a classic incumbent dinosaur, and were recently acquired so their attention is elsewhere. We've done no marketing, never been mentioned in any press, raised no capital. All growth purely by referrals. The more market share we can collect before the dinosaur notices I kicked its tail, the better. We're 100% bootstrapped, debt and dilution free and planning to stay that way, and to remain submarine as long as possible. As a result I'm entirely focused on serving our customers and improving the platform and our organisation to suit them, not running around wasting founder energy chasing investors and trying to dress up the company to look pretty for VCs.
That's too bad about "bootstrapping" - it's a good userID!
It helped a lot that on Day One we had $5000 of AWS credits, two founders with spare time and tons of business & tech experience, a market segment ripe for the picking, an enthusiastic (and well-connected) launch customer for the MVP, and disruptive home-grown IP that created more customer value (even in MVP form) than anything else on the market. I couldn't have asked for better initial conditions for a bootstrapped company.
(yes I was surprised the account ID wasn't taken already. maybe I won't throw it away)
On the other hand, a Stanford degree is a signal, and will still serve you well for quite a few years yet. My name-brand diploma is decades old but I'm pretty sure it still gets me second looks and interviews more often than I'd care to admit.
"The problem, with the Big Lie, is that it kills a lot of startups that end up building their strategy around a capital infusion that will never come, and end-up wasting a lot of time trying to fundraise. Some of those startups would have had a better shot had they focused on sales. It’s still super hard, but the odds are better. The problem is that bootstrapping success stories often remain unknown, as the valuation of those startups is never announced in press releases."
This is so true. Most people I know that have founded startups that later failed were working towards having something decent to show to institutional investors instead of focusing on understanding their customers.