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Serjio Salva

Bootstrapping vs. Raising Money

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My cofounder and I are developing a unique product, and are at the point now where we need about 200k to move at the min speed we would like to get to launch. We could probably afford to bootstrap this, but are curious if there are any reasons to seek funding instead. Even though the product is unique, we worry that it may be hard to get funding as hw in general is difficult, and our product doesn't fit into one of hot categories. I'd appreciate any advice anyone has! https://snaptube.cam/

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Wael Khattar
First you have to ask yourselves if your product/business model is VC-friendly. VCs and/or Angels generally look for companies that have the chance to 60-70x their investment. That's huge and a lot of very healthy profitable businesses cannot accomplish this kind of growth. If it is, then Bootstrapping vs Fundraising becomes a matter of choice and expectations. If you want it to become a $1B+ company, you probably have to raise. Funding makes things faster, allows you to build your PR, and just accelerates growth. While if you're happy if your company becomes valued $3M-$30M, you can probably do that without external funding. It would take longer, a lot more work, but by the end you'd still own full control.