[smoe]

> This counts on the bootstrapped company tapping outside capital once they hit their stride.

Isn't tapping into outside capital only at this point what makes the most sense, because you are in a much better negotiation position having already validated the product and making money?

At least if your a start up with exponential growth in mind. It can still be a very sustainable product and company without and the copycats can actually act as free advertisements for the "real" thing.