The day one’s venture gets funded is the highlight of many a start-up career. Entrepreneurs dream about it, work towards it and savor it a million times before the D-Day actually comes. Raising capital is not a sure sign of health of the firm or a proof of its business model. But it very well paves the way to a lot more experiments there suddenly becomes room for and hence better chances at success.
But is it the only way to make your idea grow and/or business succeed? A more elementary question – is it really worth it? A lot of new age entrepreneurs surely seem to think otherwise. The word venture capital or a need to opt for it strikes fear in their hearts. Reasons for the same can be manifold but one theme runs ubiquitous – the accompanying answerability and consequent dilution of vision. When you have someone to answer to, you cannot grow and work upon your idea way you want to.
Such entrepreneurs generally take up the bootstrapping route. For those who are giving skeptical looks, successful bootstrapping stories abound. Keeping in mind following tips is sure to help you go the long way: