Bootstrapping profitable companies also have more leverage when ready for funding.
My use of the term startup lottery was meant to describe the communual celebration and veneration of quite often earning some runway.
The businesses that need it are ones that have to find a product-market fit and a repeatable business model. I just think you're better equipped to find validated scalable business models once you've done it without money.
There's nothing quite like having to find and build what people are willing to pay for out of the gate instead of putting it off. From where I see it, I don't see enough technologically complex startups that need a runway, and in hindsight could have been built without funding.
The startups that would, tremendously benefit from the coaching, introductions, and business model development are rare, and special, and maybe that reflects in the small number of startups accepted to Y!. The rest shouldn't consider themselves a failure either... this startup certainly fit the mantra build something people want (and will pay for)
My use of the term startup lottery was meant to describe the communual celebration and veneration of quite often earning some runway.
The businesses that need it are ones that have to find a product-market fit and a repeatable business model. I just think you're better equipped to find validated scalable business models once you've done it without money.
There's nothing quite like having to find and build what people are willing to pay for out of the gate instead of putting it off. From where I see it, I don't see enough technologically complex startups that need a runway, and in hindsight could have been built without funding.
The startups that would, tremendously benefit from the coaching, introductions, and business model development are rare, and special, and maybe that reflects in the small number of startups accepted to Y!. The rest shouldn't consider themselves a failure either... this startup certainly fit the mantra build something people want (and will pay for)