25 Aug 2014
This week, we return to ‘why’. In this case why even choose the ‘harder’ route of trying to launch with no money.
In my case, the short version is: I’ve done it and I don’t like the ‘decision distortion’ that comes with the bank transfer of a VC’s money.
To that end I have another project bubbling under… if you have a bootstrapped business, or have a favorite one that you use, let me know for early access to what I’m doing.
My fellow Brighton resident, @dancounsell, compares the approach of VC-funded makers and those trying the bootstrapped route.
@adii goes a level deeper than ‘why bootstrap over VC’ to simply ‘why’.
For me the appeal of bootstrapping something is the freedom and the self-direction, I’m guessing from Adii’s article, that’s what he’s after too. Life is a balance, it’s good to pay attention to what you’re doing.
You have to be doing something right for @jasonfried to want you to feature on SvN. Here’s the story of a hungry kid who’s been through the Chicago-based ‘Startup School’ that Basecamp are involved with.
A long-form piece from @jpressler in New York Magazine that should serve as a warning to avoid the various thought traps that having a ‘disruptive’ idea and VC funding can lead you into.
None of the companies featured in the story have any kind of solid foundation in what they are doing… all I took away from the article was various founding teams thrashing about as they burned other people’s money.