A message for all the founders who think that startup to VC to IPO/sale is the only way to go. A lot of those guys who “sold their company for x million” in a face saving acquihire don’t make much if any money because VC liquidation prefs take it. Often better to bootstrap!https://twitter.com/moizali/status/1225938413871927296 …
-
If you have the foresight to see that it was going to be huge, but yes. Especially in the heyday of PL FBA when Casper launched back in 2014.
I had the foresight. I just didn’t select my category well and didn’t bet hard enough. Also in 2014 I was a lot worse at business.
-
-
But therein lies the difficulty of a monumental bootstrapped success - the "betting hard enough" part, right?
-
Incompetence and fear of failure (not bankruptcy!) prevented me from taking full advantage. People raise money because it’s the thing to do. They chase press instead of customers. Bootstrapping works and it oftentimes pays you more.
- 3 more replies
New conversation -
Loading seems to be taking a while.
Twitter may be over capacity or experiencing a momentary hiccup. Try again or visit Twitter Status for more information.