{ "media_type": "text", "post_content": "Bootstrap vs fundraising - ideally bootstrap but no matter how much I am trying to save, I can’t seem to justify to leave the current job to start a start up. Note I have a family and a mortgage...wol", "post_id": "5d595445d1081b002010ef19", "reply_count": 9, "vote_count": 1, "bowl_id": "5b0ec788cf11a800139f9490", "bowl_name": "Startups and Entrepreneurship", "feed_type": "bowl" }
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Bootstrap vs fundraising - ideally bootstrap but no matter how much I am trying to save, I can’t seem to justify to leave the current job to start a start up. Note I have a family and a mortgage...wol

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Unless you have significant traction, if you fundraise early on hoping to pay yourself, be prepared to give up a lot of equity. Most founders dont pay themselves with pre-seed money, and use this funding to invest in product or marketing. In your case, I'd recommend either waiting to fundraise once you've grown the business more or, if you can't grow the business while juggling a job, hiring a cofounder and giving them equity. Alternatively, you can invest your own money in paying someone to grow the business for you. Unless you can find a way to grow the business in the limited free time you have, be prepared to pay equity or cash to make it happen.

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Thanks for this! Very true! Finding someone with the same passion isn’t the easiest path. May give it a try with fundraising and see how things go...

Would fundraising be a better scenario to go? If so, is there any advice (eg where to find investors, tips, etc)

Are you all by yourself right now? Or do you have other co-founders?

Service based platform. Some paying customers.. profit around 1.5k, but may need to become full time and /or funding to increase scale...

Happy to look in to your platform. I can share few ideas on growth & marketing

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