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Do You Know When To Bootstrap and When Not?
A couple of days ago a friend asked me whether I’m in favor of startups getting angel investment. He pointed out this post on this blog, which is me writing about five good reasons not to seek investment.
My answer is that – like so much else in this field – it depends on the specific situation. A business that can grow organically and stay independent probably should; but there are also times and situations that call for ramping up a business as fast as possible, and that, in turn, means you need more money faster. So in those cases, forget bootstrapping.Consider these two alternative scenarios:
by Tim Berry
Full Story: http://gust.com/angel-investing/startup-blogs/2012/02/08/do-you-know-when-to-bootstrap-and-when-not/
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