Is getting external investment an absolute success formula?

http://www.joshliu.co/getting-external-investment-is-not-an-absolut

by uniquejosh • 15 years ago

8 7 15 years ago

joshliu.co

hugh32• 15 years ago

Is this a silly headline?

uniquejosh3• 15 years ago

why so?

meric• 15 years ago

It's almost a rhetorical question.

hugh32• 15 years ago

Because "absolute success formula" such is an impossibly high bar that we already know the answer to the question as soon as it's posed.

peteretep• 15 years ago

Here is an extract from an email I sent my cofounder recently, regarding getting external funding, and the martyrdom MUST WORK HARDER AND BOOTSTRAP complex. Seems relevant:

"I've been reading a lot about boot-strapped startups recently. My feeling is that we want investment early ... although not too early. I think once we have an active small user base (1-200 users, even), that's when we look to investment for building up the next steps of it.

This may not be the idea that makes us rich (although I sincerely think it will be), and I'd rather share the risk (and return) of that with an investor, rather than slaving away on it for three years to find out it doesn't work, just so we can squeeze out an extra percent equity..."

uniquejosh3• 15 years ago

Thanks for sharing it. very insightful. Yes, as I said, I believe that we should getting money after proving the traction and product/market fit

Is getting external investment an absolute success formula?

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