Every startup is keenly aware of how much money it has, and, more importantly, how much money it doesn’t have. As a result, for most startups, the goal is to score a big round of venture capital funding and then to finally get out of fundraising mode and into the business of growing the company.
But even if you get a round of funding, it rarely ends there.
More often than not, Series A becomes Series B; Series B becomes Series C; and so on, and while you’re out spending all day and all of your energy raising the next round of financing, it dawns on you: Your business isn’t about its mission anymore. Your business is now in the business of seeking funding. Some would even suggest that bootstrapping is overrated and that the #1 skill of an entrepreneur is raising capital, and I couldn’t disagree more.
To read the original article: 5 ways bootstrapping can make you a better business | VentureBeat
