> In this universe, of bootstrapping to several hundred thousand per month in revenue, a founder can walk away with $5m, $10m, $20m (depending on the multiple) in around half the time it’d take to build a “unicorn”.
The odds of this level of success for a solo bootstrapped founder is much smaller when you don’t raise. If you look at the stats on startup success (exits), funding has a strong positive correlation.
There are good and bad reasons to raise capital and many startups do raise for bad reasons, but that doesn’t mean that funding is inherently bad or should be eliminated as an option.
The odds of this level of success for a solo bootstrapped founder is much smaller when you don’t raise. If you look at the stats on startup success (exits), funding has a strong positive correlation.
There are good and bad reasons to raise capital and many startups do raise for bad reasons, but that doesn’t mean that funding is inherently bad or should be eliminated as an option.