They thought they were joining an accelerator – instead they lost their startups

Re:They thought they were joining an accelerator – instead t... by moomoo11 on Friday May 03, 2024 @03:00AM (#40244961)

Can you explain why? Are you suggesting he used the money on marketing instead of product?

I don’t know too many bootstrapped companies that are billion dollar plus but most well run bootstrapped companies can end up becoming successful small and mid level companies that make a decent money. At least from a revenue:num_employees, can’t be capital intensive so they have to be profitable from early on. Pls explain I’m interested to learn thanx

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Re:They thought they were joining an accelerator – instead t... by morgante on Friday May 03, 2024 @03:59AM (#40245309)

> Are you suggesting he used the money on marketing instead of product?

No, a lot of the marketing/hype just came from Naval and other influencers on Twitter.

> most well run bootstrapped companies can end up becoming successful small and mid level companies that make a decent money

"well run" is doing a lot of work here, but:

- Most bootstrapped companies fail, period.

- Most of them fail without anyone ever noticing they existed. It's very hard to break through the noise, and I know lots of companies/projects that failed without ever getting more than a handful of users.

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Re:They thought they were joining an accelerator – instead t... by moomoo11 on Friday May 03, 2024 @03:22PM (#40251294)

I see. Thanks!

And how does VC help? Is it just the capital infusion or something else

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