In today’s market, as extremely well-funded companies grow at exponential rates and achieve unimaginable valuations, the assumption that companies need angel and venture capital funding to grow has never been more prominent. However, fully founder-owned companies are quietly exiting at high valuations as well, with Mailchimp’s $12 billion sale to Intuit serving as just one example. Bootstrapping is the funding of a startup without outside equity investment, and almost every venture bootstraps for at least a couple of months following company inception. Some ventures, like Mailchimp, have managed to take bootstrapping techniques one step further and avoid raising equity financing altogether. While bootstrapping in this sense is a difficult feat, the premise of keeping 100% of profits and exit is tempting. This article explores how and why to bootstrap a company indefinitely.
Interesting and informative article that provides ideas with a succinct explanation of pros and cons that I believe is a “must-read” for any start-up. Nice job, Jason!
Interesting and informative article that provides ideas with a succinct explanation of pros and cons that I believe is a “must-read” for any start-up. Nice job, Jason!