Venture Capital vs. Bootstrapping: Choosing the Right Path for Your Business

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This chapter explores the decision between raising venture capital or bootstrapping for founders in hyper-competitive spaces. It emphasizes the value of focusing on costs and product rather than relying on money to beat competition, and highlights the importance of building a sustainable business. The chapter also challenges the misconception that raising venture capital equates to ambition for founders.

Episode 83: Alex (@businessbarista) speaks to Jason Fried (@jasonfried), co-founder and CEO of 37signals, a software development company that has created popular products like Basecamp and Hey, about the tradeoffs of bootstrapping your business vs. raising venture capital. 37signals is completely bootstrapped, doing tens of millions in profit per year, with more than 100,000 customers.

Jason Fried Blog: https://world.hey.com/jason

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