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by fredrivett 2796 days ago
Hey ohazi, thanks for sharing your thoughts here.

A point of clarification that didn’t make the article: we’ve not technically raised VC funding yet, we’re in an incubator. But we’ve effectively raised an initial round via our budget, and are on the path to raise our first round proper.

I agree with the rough sentiment of what you’re saying but think it’s a slightly too narrow point of view. Joining an incubator or accelerator helps minimise downside whilst in the process of figuring out the problem space and whether your hypothesis have legs. Sure, you can do this as a side hustle first and that’s great too, but as I say in the article, it depends on your circumstances.

I’m not raising money specifically because of personal life challenges, deciding to raise only came after making the big life adjustments. It’s my belief that raising can sometimes be less pressurised than bootstrapping, though admittedly most startup founders don’t live it out that way. We’ve got our beliefs based on what we know and our experience so far, I look forward to walking it all out and reporting back on what I learn.