Bootstrapped or funded?
Senthilnathan RM
24 replies
Hey PH community,
Are you bootstrapped or funded? If you are bootstrapped now, would you raise funds sooner or later and why?
On a general note, what do you like the most? Bootstrapped or funded?
Replies
Kayode Odeleye@kayovin1
Who Wants to Be a Unicorn (Unicorn Game)
We’re bootstrapped. Raised a friends and family round so can’t pay myself as founder. It’s tough but it has its benefits
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Who Wants to Be a Unicorn (Unicorn Game)
@theterminalguy yes Simon
The perceived wisdom is that faster is always better. This is a misconception. Bigger is not always better
Bootstrapping means slower but more thoughtful growth so startups and businesses tend to be more successful
Who Wants to Be a Unicorn (Unicorn Game)
@theterminalguy major benefit is the ability to grow in a structured, thoughtful manner
Bootstrapped first (Product market fit), funded later (scaling).
AI Love Code
@nickanisimov Agree with you. I'm taking a similar approach as well.
My first startup was bootstrapped, but this one is funded.
A product like toddle.dev would be very difficult to bootstrap.
Fully bootstrapped at this point as we want to maintain control on the product and strategy.
However I can see funding round taking place down the line to accelerate things in the future.
Having said that, both has their uses
Serand
Bootstrapped is awesome
funded
FlashApply
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Bootstrapped and I tell you, it ain't easy.
Ideally I'd love not to raise funds but at this point, it is inevitable. Hopefully we don't get to do it
Bootstrapped!
Bababot
funded
Pythia World
Fully bootstrapped, but we plan to raise funds. Raising funds for us is just an acceleration of the process, not its foundation.
CoClue
This is a difficult question. I always get lost looking at my financial situation.
Fully bootstrapped! But raised money from non-equity diluting grants before. Both bootstrapped and raising investor funds have their advantages and disadvantages.
Who Wants to Be a Unicorn (Unicorn Game)
@charis_algomo In my experience this is excellent strategy. Raise non dilutive funding p, achieve traction then consider options down the line
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@charis_algomo will you be able to share how do you go about finding non-equity diluting grants?
@charis_algomo , non-equity diluting grants? That's interesting. Would love to hear more about it.
Who Wants to Be a Unicorn (Unicorn Game)
Bootstrapped. Want to build the first user base like that. Then maybe secure funding to help scale and improve.
Maruti.io
So far I am bootstrapped! I plan on raising funds. Although, I’m hoping I won’t ever need the funding!