The other day, I had a tweet that created some interesting replies. I'll expand on the thought that created the tweet.
I often look at funded companies & think "Wow you have millions of dollars of funding & that's the most creative thing you can create?"— allan branch (@allanbranch) May 14, 2013
I don’t like to think our path with LessEverything and choosing not to take funding is the “right path,” only a different path than some other people. Both paths, being bootstrapped or funded have pros and cons. Realize that having millions of dollars in the bank doesn’t solve every problem you’re facing. Full disclosure: LessEverything has never taken a dime of funding from anyone, we’ve only seen 100’s of people/friends get funded.
At this point, I could say taking money gives you pressure from investors, and funding doesn’t equal success, but we all know that.
If you wanted it to build a product you’d find a way to get time to work on it. If you really wanted to start that new hobby you’d sacrifice something to find the time and money to do it.
I'll define a "Wannabe Entrepreneur" as someone who has never made money from their businesses. Here are the different types of wannabes.
In the past few years I've built go-carts, built a 200+ sq ft workshop, written several eBooks. How do I create a life where I have time to work on side projects?
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