I'd infuse more resources and support for mental health, acknowledging the immense pressures and challenges faced by founders, which can often lead to burnout and impede creative problem-solving, thereby enhancing resilience, innovation, and overall well-being in our startup ecosystem.
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@barnes_brian93 Yeah burnouts are all over the startup world but nobody talks about it.
@barnes_brian93 absolutely agree! burnouts are bad things, there is a real need to understand that these are serious things and need to be given time.
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@barnes_brian93 Yeah burnout can be a big deal. There are so many emotions running so high when you are running a startup
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Incentivize startups to consider ethics. Startups are often laser-focused on growth. I'd like to see more incentives or regulations that encourage startups to think deeply about the ethical implications of their technologies early on.
I would like to see less investment received by strange people with inflated egos and idiotic ideas. If you have a profitable startup with high growth rates but the most common, but for such a startup, it is much more difficult to raise funding than a startup on steroids with a crazy team that does not even understand how to make money.
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@nickanisimov It's always been like that, I don't think it will change.
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More publications from the boostrapping startups about their journey versus VC-backed ones. Startup isn’t always all fairytales
To let every founder know from Day 1 that raising money from VCs isn't something straight up more glamorous than bootstrapping. I heard about it earlier but only deeply understand it after 5 years of being a founder.
Sure, VC money can possibly bring success faster, but if you don't have the experience to pick an investor wisely and got a toxic one in your company, if not your board member, it can be the reason leading to failure for your company.
Investor-founder matching is like a marriage (I mean, literally), having a toxic partner can screw you in many big ways - especially product flexibility. They can also drain your mental health. Think twice before getting into the route of being venture-backed.
@vladimir_zivkovic what's yours!
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@harrischh VC money is good, nobody can deny that, it's the media that push us to chase money instead of the building something profitable.
For me is pretty much the same, I've raised money from VCs before, but my startup failed, so I would shine more light on indie hackers and bootstrapped startups.
@vladimir_zivkovic I've done both too and the experience is quite different. I'm glad that my investors gave me much more freedom.
I have got a founder friend whose product idea got stuck for PMF, while their investor is not keen on allowing them to pivot and put so much pressure on them to follow the money instead of their passion. Despite me being seemingly negative about VC money, my personal preference would be
👉🏻 Good VC > Bootstrap > Bad VC - I just find myself intrigued with the excitement of the VC-backed route.
I'd love to hear more of your stories from your past experience. Please make a post about it next time!🫡
I've shared mine here if anyone's interested - https://medium.com/jupitrr/bruta...
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@harrischh Good VC will take you to the moon and back in a year, that's definitely better option than struggling with bootstrapping for 10 years or even worse having a bad VC. The problem with VCs is not them it's us, we are the one thirsty for some kind of glory and quadrillion dollar valuations instigated by startups media, that will never change. We don't want to pay attention to failures even if the VCs say they are only right 20% of the time when investing money. I am staying for now on the bootstrapping side and let's see what the future brings :)
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Less bloated startup rounds and evaluations. It doesn't benefit others.
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