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Nov 24, 2021
12:23
:56
pm
snowbird
Refugee All Star
RE: Is bootstrapping dead?
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snowbird
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snowbird
Joined
Nov 1, 2008
Last login
Jun 15, 2024
Total posts
18,186 (973 FO)
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Messages
Author
Time
Is bootstrapping dead?
Jersey hunter
11/24/21 12:21pm
RE: Is bootstrapping dead?
snowbird
11/24/21 12:23pm
Tech is different than most other industries. It takes a lot of capital and
Hypnotoad
11/24/21 12:24pm
Yes, I think this is true of any company that needs intensive capital
The Chief
11/24/21 12:28pm
For non-tech companies profits/revenue are much more important. But for tech, selling as a “plug in” is often the way.
WP17
11/24/21 12:28pm
Also, interest rates are so so low and investors are trying to find ways to boost returns
WP17
11/24/21 12:29pm
It’s all about speed now. Things moving too fast to wait. That requires $$
Bluforever
11/24/21 12:29pm
Also, if Ryan Smith were here, he would argue cash is much more important than
The Chief
11/24/21 12:34pm
It's really weird. Uber is a good example, I guess it hasn't been profitable.
Mitty
11/24/21 12:40pm
Money is dirt cheap. Everybody’s chasing alpha
hansel
11/24/21 12:49pm
I’ve been on two interviews lately for startups
Heath Squashwell
11/24/21 12:51pm
I walked into a venture capitalist office with a dev at my side
cougarblue
11/24/21 12:56pm
I agree raising capital seems to be more important than running a business. I
johnnybyu
11/24/21 12:59pm
There is too much investment money that needs a home
2FarGone
11/24/21 1:00pm
We've become a very speculative society
reddead
11/24/21 1:01pm
Well said. Cryptocurrency is a good example of the rampant speculation.
Mitty
11/24/21 2:10pm
I don’t think we’ve “become” That. Speculation has been big since the Revolution
califcougar
11/26/21 11:38am
I've been bootstrapping a software company for a few years. Recently decided to raise a little from this group
opside
11/24/21 2:29pm
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