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by exceptione
415 days ago
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I understand what you mean, but over here bootstrapping is the norm. Also funding can be boring loans from the bank, family loans, or business loans based on trust in the skills of the business owner. So it doesn't always have to be an: you owe me the money, so I own you. |
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Savings, bank loans, lines of credit, private loans between people, local angel investors, and so on are how most businesses bootstrap.
I co-own a technology business that has never taken outside money (well, we do have a credit card) and I’m not really interested in doing that. I think VCs are more trouble than they’re worth because they’re so obsessed with growth that little else matters to them, and we’ve seen where that gets us in terms of customer relationships and product quality. And they always want just enough control to eventually oust executives they don’t agree with.
We’ve built our business up the old fashioned way: from a personal capital contribution from each co-founder and modeling pricing based on what the business needs. Clients who see value in that approach from their critical technology vendors are not impossible to find at all.
Without the runway of functionally blank checks, you do have to continually monitor your business model though.