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by failedagain
263 days ago
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Encouraging words, well received. I realize I'm a diva about VC. I definitely prefer capital upfront and a mission to shoot for the moon, but I have to admit that I've only demonstrated success when bootstrapping and running customer dev from the start. Further thoughts on your point, I seem to have an expectation that I deserve free money to run a science experiment with low chance of big result, with little proof. This isn't how VC works in practice, so if I want funding, I should have built the case for it, or start now. If it was SaaS, I'd advise bootstrapping product dev with consulting, but I don't see a path to do that with a robotics SDK. The only bootstrapping strategy I can think of is like robotics-for-coders courseware. Not a bad strategy, but that won't keep the lights on. |
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That would be some of the most expensive money of all, and most subject to loss.
>to run a science experiment
That's the entire thing my business was based on, using tonnes of electronics and instrumentation it was very hardware-oriented.
That was my life's work beforehand anyway, I knew I could make money the same old way if I didn't come up with enough new stuff to be able to monetize a solid 1% of it.
I still wouldn't use "other peoples' money" aka capital because the people who wanted to put up money, it was their retirement funds and stuff.
You can't be a capitalist without capital so I've always been a mere entrepreneur and used my own money.
I was wondering what the hardware was but looks like you've got robot-dependent software, if you're not competeing in hardware, and your SDK applies to a robot from only one company, talk to them.
It your technology applies to more than one company, talk to them all.