Hey there,
A common sentiment among first-time entrepreneurs is that the first step in building a successful business is raising capital. While an injection of funding may be helpful at the right time, it's not the way great businesses are started.
Case in point: this week's interview on IndieHackers was with
Christy Laurence of Plann, a non-technical founder who had never even built an app before, and went on to bootstrap to $1 million in revenue in two years.
Even investors aren't sold on their role in a startup's creation.
Dileep Rao and
Chamath Palihapitiya both encourages startups to "grow real, grow slow" rather than chasing fast money through venture capital:
"Entrepreneurs need sales and financial-management skills and innovation and takeoff strategies to develop companies." -
Dileep Rao, author of “Nothing Ventured, Everything Gained"
"The charade is dangerous. At some point the whole grow, grow, grow at all costs runs out of juice." -
Chamath Palihapitiya, Social Capital