Success in the software industry does not necessarily require VC backing. While a small percentage of apps in the App Store are VC-backed, a significant portion of the dollars spent on mobile apps go to non-VC-backed companies like Amazon and eBay. It is not essential to have VC funding to succeed in the industry. Making a successful software product that enables a good life without VC backing also constitutes a win. The story of a friend who generated significant income with minimal maintenance time exemplifies that success without VC backing is achievable and can lead to a fulfilling life.
Within the world of startups, you'll find lots of discourse online about the experiences of founders bootstrapping their startups versus the founders who have raised venture capital to fund their companies.
Is one better than the other? Truth is, it may not be so black and white. Dalton Caldwell and Michael Seibel discuss the virtues and struggles of both paths.
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