Bootstrapped vs funding? Which one and Why?

Question

Ng Fang Kiang · Accepted Answer

Bootstrapped, always. Most successful startups mostly start with bootstrap until they reach a point where they need more funds to do bigger stuff.
Eg: Meta(FB), Dell, Apple, Coca Cola, Cisco, eBay and so on.

Paul Hart · Answer

Simply depends on the service / product being built.

Anything that requires hard sciences / real engineer needs funding to support talent and development. Other than that getting scrappy is a good place to start imo. 👍

Qudsia Ali · Answer

Bootstrapping is a legitimate, viable option for getting your business going. More today than ever before, businesses are being built without significant funding from outside investors. That doesn't mean that you shouldn't explore all of your funding options, but it does mean that bootstrapping has a lot to offer as well.

Dylan Merideth · Answer

@jorcus thats a great insight, stay bootstrapped until its necessary to grow the way you need to

Dylan Merideth · Answer

@snakecharmer I couldnt agree more Paul, biotech seemingly always has large funding rounds due to the cost of devlopment

Dylan Merideth · Answer

@qudsia_ali Its a trend we would like to ride! It helps us limit risk and stay hungry through ups and downs. Thank you for the response

John Radford · Answer

Both. Bootstrapped first then funding once you have product market fit

Bootstrapped vs funding? Which one and Why?

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