VC's Don't Prefer Bootstrapped Companies

Jason Smith: VC's prefer bootstrapped companies. He says they want signals, the YC is great that we talked about that first round did the pre-seed but what they want is hot companies with room on the cap table where they can buy every share they want. The different point is bootstrapping is harder and I asked Ben Chestnut for milchimp if you were saw that session and I didn't,. But we asked Michael Cannon Brooks from it last night and everyone says the same thing... It typically takes three to four years longer being bootstrapped.