• Bootstrapping a company forever is challenging and comes with several drawbacks.
  • When you bootstrap forever, you are constantly at risk of shutting down and running out of money.
  • Bootstrapping often leads to low salaries and the need to take on consulting work to sustain the business.
  • There are very few successful examples of giant bootstrapped companies.
  • Bootstrapping can be defined as spreading the pain of fundraising throughout the entire lifespan of the company.
  • Raising money upfront for your company allows you to avoid the constant need for fundraising.
  • Founders who raise enough money for their company have more control and can focus on making customers happy without worrying about finances.

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