Bootstrapped vs Funding: Which Is Better for Your Startup? 🤔

Struggling to decide between bootstrapping or seeking funding like venture capital, investment rounds, seed rounds, or something else to get your startup off the ground? In this video, I discuss the pros & cons of both approaches. Discover the advantages of self-sufficiency with bootstrapping SaaS, and the potential growth opportunities that come with SaaS funding instead.
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Links from the video:
Apply to TinySeed (9/4/23 - 9/17/23) - apply.tinyseed.com/
📈 SUBSCRIBE: czcams.com/users/microconf?sub...
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We provide SaaS training, education and networking opportunities for other founders who are pre-product, focused on scaling their business, and looking for an exit strategy.
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[@MicroConf]

Venture Capital Explained In Under 5 Mins: czcams.com/video/g8k8-o7NXVw/video.html

[@GrahamQuigley]

Thank you so much, very grateful for this insight. Have bootstrapped a SAAS and absolutely love the grind. Creating something that people want is awesome. Thank you Rob! 🤙

[@MicroConf]

You're welcome! Keep up the awesome work! 🚀👍

[@GrahamQuigley]

Thank you! Lots of decisions, I would love to apply and get some feedback for if we should go this path. Cheers

[@cryptochrome_original]

Would love to see more content on indie funding!

[@same.7939]

This is very informative! Thank you. I’m a new subscriber.

[@MicroConf]

Awesome! Thank you!

[@VivekHaldar]

This video taught me so much! Thanks!

[@MicroConf]

Glad it helped!

[@americanonobrasil2128]

This is great. I've been following you for a long time and now I'm in a position to receive funding for a large seed round or a smaller investment from an angel for my startup. I've bootstrapped it pretty much by myself until now and have been confused for the last week on my options 😂 I guess at the end of the day, like anything else, you just need to decide what you want the most. Thanks for listing the pros and cons!!!!

[@MicroConf]

It's a big decision, but it sounds like you're well-prepared to make the right choice for your startup. Best of luck with your funding journey!

[@thamithwala3011]

Can you bootstrap and then allow VC funding while maintaining control of the company.

[@fatgrubman645]

I will only apply if the Beholder sits in on the interview process

[@AtobaLongkumer]

Can startups from India apply for this Tiny Seed?

[@ray-mc-l]

Hey Rob, how many hours a week should a bootstrapping SaaS founder be working? Like, how many hours a week did you work during Drip?

[@MicroConf]

I always tended to work as much as I could without burning myself out. On Drip my standard workweek was 40 hours and I stuck to that pretty close.

[@ray-mc-l]

@@MicroConf That's interesting, thanks! So 40 hours is close to your limit then? In terms of a workweek you can do consistently?

[@El_Diablo_12]

2:00 1:9:90 tule

[@AshutoshKumar-ue3dr]

Hi Rob, Would you consider YC as Indie funding?

[@El_Diablo_12]

No

[@MicroConf]

No, Y Combinator is very squarely in the Venture Capital track.

[@MrMajani]

With $2m in ARR, why wasn't Drip able to secure a traditional bank loan?

[@MicroConf]

Traditional banks don’t understand software companies very well. When you apply for a loan they want physical assets to secure, things like trucks, equipment, and your house. Especially 10 years ago, applying for a bank loan with a fast-growing software company would have been like trying to explain to your grandparents what you do for a living.
You do fix computers, right?