Do Venture Backed Entrepreneurs look down upon Bootstrapped Entrepreneurs?
Asked of me, on Quora, and I thought, WTF?!
Let’s get something clear because such distinctions are misleading, inaccurate, and aggravating.
ALL entrepreneurs are bootstrapped entrepreneurs.
Every single one.
The only people who start out with funding are privileged and more rare than Unicorns. They aren’t remotely in the same boat as the 99% of us who invest our wealth, reputation, time,and health in starting new ventures.
Some types of new businesses, and some make ups to teams, are suited to investment.
Some are not.
It is neither better nor worse, in any way, to make it without VC nor capably close funding.
All sources of capital have a cost. That includes the cost of having customers who pay the way for a venture that continues to go without funding.
Look down on bootstrapped entrepreneurs??! Applaud those who should be and capably are. I feel bad for those who shouldn’t be but are struggling to achieve otherwise. Celebrate everyone supporting those doing their best to help every entrepreneur find their way (and, frankly, I get aggravated at those who encourage that they ‘know best,’ causing so many to waste time and energy on bad advice).
Capital is a resource, and that resource is not without cost, no matter how it’s acquired. A question of Bootstrap or VC being better only has merit in circles where people are misleading others that one way is in fact so; such circles need to be called out for the harm they cause.
Keep at it since we’re all bootstrapping until we find the degree of success that establishes that we no longer need be doing so.