AI-powered
podcast player
Listen to all your favourite podcasts with AI-powered features
The problem with Bootstrapping
Bootstrapping a company forever is challenging and comes with several drawbacks./nWhen you bootstrap forever, you are constantly at risk of shutting down and running out of money./nBootstrapping often leads to low salaries and the need to take on consulting work to sustain the business./nThere are very few successful examples of giant bootstrapped companies./nBootstrapping can be defined as spreading the pain of fundraising throughout the entire lifespan of the company./nRaising money upfront for your company allows you to avoid the constant need for fundraising./nFounders who raise enough money for their company have more control and can focus on making customers happy without worrying about finances.