Re:The Bootstrapper's Bargain
by noelherrick on Wednesday May 01, 2013 @11:54AM
(#5638702)
I think this is a key takeaway:
"Most entrepreneurs think of the VC as their customer, but when your survival is based on the VC, you build a company on what the VC will like and not what your real customers like."
A VC-backed business often has the wrong priorities from the get go, which is why bootstrapping is really attractive because you live and die by building a product people want to use.
"Most entrepreneurs think of the VC as their customer, but when your survival is based on the VC, you build a company on what the VC will like and not what your real customers like."
A VC-backed business often has the wrong priorities from the get go, which is why bootstrapping is really attractive because you live and die by building a product people want to use.