6,499 karma · joined July 5, 2010
A founder should get funding through selling equity (to VCs) if the risks are high. If the risks are low, the founder get funding through debt, even if you're "building a rocket". Or bootstrap, if possible.
What every VC dreams is to get equity in a low-risk venture. Because the return is high, but the risk is low. That's why there is so much marketing that convinces founders to pay with equity.
[1] https://www.cbc.ca/news/science/hydrogen-train-quebec-city-1...
PS. September was quite warm, indeed.
See this fresh thread: https://news.ycombinator.com/item?id=37702095
2. There are 3 phases for your business:
- Verifying product-market fit (this includes getting at least 1 paying customer)
- Finding a way to get a more or less stable stream of new customers
- Building up an organization
3. Running online business from a small town is a dream many chase :) At some point you will need lawyers and accountants, you will have to figure out how to deal with them remotely (that shouldn't be hard).4. Marketing will become one of the hardest parts of your business once you verify product-market fit. Have at least a newsletter and a referral program - they cost little but work.
A brilliant essay.
I would argue, it's time to decentralize inside a wider security perimeter.
Are you proposing to permit sending parts to repair stolen planes?