What's New: Has bootstrapping gotten harder?

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Original Article: What's New: Has bootstrapping gotten harder?

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(from the latest issue of the Indie Hackers newsletter)

Is it time to reframe bootstrapping?

Many founders pride themselves on being bootstrapped, but has bootstrapping become less feasible in recent years? Founders weigh in below on bootstrapping vs. funded.
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Want to share something with over 100,000 indie hackers? Submit a section for us to include in a future newsletter. —Channing

by Lisa

In a Relay article on transitioning from bootstrapped to funded, MagicBell cofounder and CEO Hana Mohan said:

Many founders like me got their sense of self-worth in being bootstrapped founders. Not deploying bootstrapping as a tool when necessary, but bootstrapping as a way of life.

Is it time to rethink bootstrapping? Should VC be the desired path?

Hard work vs. smart work

Max Sinclair says that hard work vs. smart work really just comes down to each person's idea of what "smart" means to them:

Both bootstrapping and accepting funding are hard. One gives you more financial capital, but you lose a bigger chunk of the business. So, it depends on what you prefer. I'm not anti-VC, but the obvious main drawback is that, each time you take a chunk of cash, you give up a significant percentage of your business. If you're doing that right from seed, even if you end up with a large company, you may only own, say, 5% of it.

Do you want to be filthy rich or be king? Most people can't be both, so it's a choice. Bootstrapping is more like the king path. VC is m...

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