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by justinbeaver
4776 days ago
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Dear dumb entrepreneurs who want to raise VC: bootstrap instead. VC forces you into a 'go big or go home' strategy. There's nothing wrong with going big, but just do it the patient, more sustainable way. And then you never need to worry about the points made in these articles. You just get to sit back and laugh at them while you're owning and running your own business. P.s. there is a time and place where big time capital is necessary to start but most of those businesses aren't reading HN. |
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This is our mindset. We definitely plan to be big (real big) but we're patient and we don't have to paint ourselves into a corner or take any bad deals by trying to do it all at once.
That's not to say that it wouldn't be nice to have more capital to work with, and that's not even to say that we won't ever take VC money. But if we do take VC money, the goal is to do it when we are well positioned to get more favorable terms.