Re:Do success stories cause false beliefs about success?
by gnicholas on Sunday January 16, 2022 @04:15PM
(#29960147)
> Bootstrapping is fools. Virtually no founders out there are pouring their personal savings into their company
This conflates people who haven't raised external funding and people who actively put money into a startup. It is possible to bootstrap a startup without plowing money into the business.
It's true that bootstrapped founders are plowing time into their business, but this is true of funded founders as well. VC money may pay a handsome salary, but taking it often means that you have to vest shares that you would otherwise own outright.
This conflates people who haven't raised external funding and people who actively put money into a startup. It is possible to bootstrap a startup without plowing money into the business.
It's true that bootstrapped founders are plowing time into their business, but this is true of funded founders as well. VC money may pay a handsome salary, but taking it often means that you have to vest shares that you would otherwise own outright.