What are the main advantages and disadvantages of bootstrapping your startup?
If you are starting a new venture, you might be wondering whether you should bootstrap your startup or raise funds from external sources. Bootstrapping means using your own savings, revenues, or personal loans to finance your business, without giving up any equity or control to investors. Fundraising means seeking capital from angel investors, venture capitalists, crowdfunding platforms, or other sources, in exchange for a share of ownership and influence in your startup. Both options have their pros and cons, and the best choice depends on your goals, market, and resources. In this article, we will explore some of the main advantages and disadvantages of bootstrapping your startup.
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Russell BrandFounder & Managing Director - Responsible Solutions Ltd.
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Sarah Anto, MBA, CPAHelping Women Founders to Nail Their Fundraising Strategy & Secure Pre-Seed/Seed Funding | FundHER Accelerator for…
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Steven James "SJ" Maranville, Ph.D., M.B.A.Scaling-up the Strategic IQ of Entrepreneurs and their Unicorn-bound Ventures | Chairman, Maranville Enterprises—The…