To bootstrap or not to bootstrap? This is the question startup entrepreneurs encounter at some point of their gestation period.
‘Don’t take VC money until and unless you need. It is the first thing every startup/entrepreneur should keep in mind before approaching investors. While venture investment can open multiple doors for growth, it is a pain in the neck: the founders virtually lose control of the very company they have built with their blood, sweat and tears. They put huge pressure on the company to scale and grow fast, which affects the mental and physical health of the founders.
On the other hand, bootstrapping lets you control your company with a lot of focus and clarity. You are the ultimate boss with complete authority and the freedom to take decisions.
Around the world, there are a number of companies which have conquered their respective markets without taking any single penny from external investors.
Here is an infographic of some of the notable bootstrapped companies from the US that their Asian counterparts can get inspiration from: