Absolutely - when me and my team spend $50k to experiment (which is chump change for a funded company) and it fails, that hurts. It's coming out of my pockets. And because of that, I remember it and my team remembers it.
But it's also allowed us to focus solely on the problems our customers actually have and will spend money for. It forces service/product-market fit before attempts to scale.
We are a services business so it is different than SaaS, but same principles apply.
There are benefits to bootstrap and benefits to funded. I feel as if bootstrapping first is a great way to learn the lessons needed to be successful when you do something funded later on.
I agree. I also want to add that this isn't me saying VC doesn't have a role, it's more that I view VC as more useful when it comes to a proven product that must now scale workforce/infra.
But it's also allowed us to focus solely on the problems our customers actually have and will spend money for. It forces service/product-market fit before attempts to scale.
We are a services business so it is different than SaaS, but same principles apply.
There are benefits to bootstrap and benefits to funded. I feel as if bootstrapping first is a great way to learn the lessons needed to be successful when you do something funded later on.