Bootstrapping or self-funding your business?

Question

It may sound like the hard way, but it's increasingly becoming a viable option for entrepreneurs. Compared to the traditional route of obtaining venture capital (VC), bootstrapping can offer your business a range of advantages.

Unlike VC funding, bootstrapping allows you to maintain complete control of your business, limits financial risks, and requires less paperwork. Bootstrapping is also a way to keep costs down, experiment more quickly, and scale in a more efficient way.

Try this self-funding approach and unleash the full potential of your startup!

Your thoughts?

Germán Merlo · Accepted Answer

@istiakahmad 'with your own hands' is the key here for me! Thanks for answering!

Germán Merlo · Answer

@shajedulkarim_ I had both sides. As you said, both have their merits. But VC path is like dating. You're looking for add a partner who will have voice in the company at the end.

Answer

Bootstrap gang

Shajedul Karim · Answer

both have their merits.

bootstrapping’s tough, but it keeps you in the driver’s seat, full control.

less financial risk, less red tape compared to VC money.

it’s about being lean, experimenting fast, scaling smartly.

sure, it’s challenging, but it can be super rewarding.

anyone here bootstrapped their business? what was your experience like?

would love to hear different perspectives on this. what’s your take? bootstrap or vc?

Answer

Bootstrapping involves funding a business using personal savings and revenue generated by the business, while self-funding is a broader term that can include personal savings, loans, or investments from friends and family. In short, bootstrapping is a subset of self-funding.

Mahir Mahdi · Answer

Bootstrap forever!

ISTIAK AHMAD · Answer

Absolutely on board with the bootstrapping journey! It's like crafting a masterpiece with your own hands, every decision, every pivot is yours to mold. 💪 Less red tape, more creative freedom. It’s a symphony of self-sufficiency. 🎻

Konrad S. · Answer

I'm also convinced of the advantages of bootstrapping. I've self-funded App Finder until now and plan to add crowfunding soon, without giving control out of hands.

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Germán Merlo · Answer

@jack_rhodes2 agree! Thanks for answering

Harry Brooke · Answer

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Verlie Grover · Answer

What's one piece of advice you'd give to someone considering the self-funding path for their startup?

Harry Brooke · Answer

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Bootstrapping or self-funding your business?

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