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- เผยแพร่เมื่อ 2 ก.ย. 2023
- Struggling to decide between bootstrapping or seeking funding like venture capital, investment rounds, seed rounds, or something else to get your startup off the ground? In this video, I discuss the pros & cons of both approaches. Discover the advantages of self-sufficiency with bootstrapping SaaS, and the potential growth opportunities that come with SaaS funding instead.
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Links from the video:
Apply to TinySeed (9/4/23 - 9/17/23) - apply.tinyseed.com/
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Venture Capital Explained In Under 5 Mins: th-cam.com/video/g8k8-o7NXVw/w-d-xo.html
Thank you so much, very grateful for this insight. Have bootstrapped a SAAS and absolutely love the grind. Creating something that people want is awesome. Thank you Rob! 🤙
You're welcome! Keep up the awesome work! 🚀👍
Thank you! Lots of decisions, I would love to apply and get some feedback for if we should go this path. Cheers
This video taught me so much! Thanks!
Glad it helped!
Would love to see more content on indie funding!
This is very informative! Thank you. I’m a new subscriber.
Awesome! Thank you!
This is great. I've been following you for a long time and now I'm in a position to receive funding for a large seed round or a smaller investment from an angel for my startup. I've bootstrapped it pretty much by myself until now and have been confused for the last week on my options 😂 I guess at the end of the day, like anything else, you just need to decide what you want the most. Thanks for listing the pros and cons!!!!
It's a big decision, but it sounds like you're well-prepared to make the right choice for your startup. Best of luck with your funding journey!
Can you bootstrap and then allow VC funding while maintaining control of the company.
Hey Rob, how many hours a week should a bootstrapping SaaS founder be working? Like, how many hours a week did you work during Drip?
I always tended to work as much as I could without burning myself out. On Drip my standard workweek was 40 hours and I stuck to that pretty close.
@@MicroConf That's interesting, thanks! So 40 hours is close to your limit then? In terms of a workweek you can do consistently?
I will only apply if the Beholder sits in on the interview process
Can startups from India apply for this Tiny Seed?
Hi Rob, Would you consider YC as Indie funding?
No
No, Y Combinator is very squarely in the Venture Capital track.
2:00 1:9:90 tule
With $2m in ARR, why wasn't Drip able to secure a traditional bank loan?
Traditional banks don’t understand software companies very well. When you apply for a loan they want physical assets to secure, things like trucks, equipment, and your house. Especially 10 years ago, applying for a bank loan with a fast-growing software company would have been like trying to explain to your grandparents what you do for a living.
You do fix computers, right?