[fluffheadsr]

reason number 472 to never take funding.. if your business can not be bootstrapped successfully, it's likely your business is going to never turn a profit. Funding is silly, i'd never subject any business i'm involved with to a board room full of investors that don't give a shit about me or my business and only care about PROFIT! MOAR PROFIT! blech.

So glad we're bootstrapped.. we're not doing millions a month in business, but we don't need to.. we've been profitable for nearly a decade, a SaaS service since 2002, and we do about 100k/mo in revenue. Pays the bills, pays our people, and we're all so much happier with life.

[knd775]

>if your business can not be bootstrapped successfully, it's likely your business is going to never turn a profit. Funding is silly...

Well, this just isn't true at all. Many companies have very high costs up front due to the nature of their business. This is especially true in hardware startups, but can also be true in software startups.

[fluffheadsr]

I guess, but there are so many better ways these days, if your product is worth building to get it built than to give up a huge piece of your pie. Crowd funding, etc.. if you have 10 years of R&D well you're better off just taking the idea to another company.

This is a generalization, but I think owners get their priorites mixed up when they are sitting on millions in free money.. their burn rate is insane.. they spend money on the wrong things, etc.. fancy offices, whatever, and they aren't even profitable. We work from home, and share a co-working space as well as an office with 2 other companies..

Office life is over rated and is a giant waste of startup funds. =/