Why not to raise capital with just an idea

"We could have spent 3 months chasing money, or 3 months earning it. We chose the latter and have a much better product because of it. As an added bonus if we ever did take money, we now have powerful leverage.. called profit."

This is so in line with my own thinking that I had to post it here. The full post is fantastic, too.

Filed under  //   bootstrapping   leanstartup  

Comments (1)

Sep 30, 2011
casimir capital said...
Venture capital is monitory capital given to at the begging stage, high-potential, high risk, growth startup companies. Venture capital is also related with work creation accounting for 22% of US gross domestic product the awareness wealth, and utilized as a proxy action of creation within an economic division or natural features. Venture capitalists are usually very selective in determining what to invest in; as a rule of thumb, finance may spend many chances presented to it. Running a work and one of the aspects that business creation gets most daunting is mobilizing start-up capital.

Leave a comment...

About

Startup guy and full stack web developer. Most recently founded Buffer, also co-founded OnePage. Keen to learn and striving to do what I love. Say hello :)

I post my longer reflections over on my blog.

TwitterFacebookLaconi.ca/Identi.caLinkedInFriendfeedFlickrYoutubeVimeoDeliciousTumblr