Re:My Bootstrapped Micro-Startup Got Acquired
by TrackerFF on Thursday December 12, 2019 @03:16AM
(#21770221)
He could use those funds to fund another product.
Venture capital can be absolutely horrendous in some areas, and you're stuck with either
1) Go to the bank and get a normal business loan
2) VC peanuts with terrible conditions
3) Work hard and save up money, get co-founders and pool your money.
Not saying that it's not like that in tech-hubs, but I'm in one of the most expensive countries in the world, and our VC community is so underdeveloped that it's shameful.
(Also, I see the author is located in Southern Asia, so that's probably a nice payout.)
Venture capital can be absolutely horrendous in some areas, and you're stuck with either
1) Go to the bank and get a normal business loan
2) VC peanuts with terrible conditions
3) Work hard and save up money, get co-founders and pool your money.
Not saying that it's not like that in tech-hubs, but I'm in one of the most expensive countries in the world, and our VC community is so underdeveloped that it's shameful.
(Also, I see the author is located in Southern Asia, so that's probably a nice payout.)