I keep hearing from people "oh you need funding", "you need to give a way 25~50% for X amount of money", "you need to capture the market".
I just find this extremely annoying. I want to build a business, a profitable one, by not owing anyone anything. I want to be in control because I am passionate about the technology and the problem it solves.
What I can see from a macroeconomic point of view, is the previous generations grasp at innovative output by the younger generation. They are essentially declaring a "piece of the action" for something they see only as a money bet. For someone with a billion dollars, spraying six digits to several companies is not a big risk. Consider how much work that now needs to go in to satisfy their expectation-go big or go home. This is ultimately bad for the consumer choice and the economy. Much human capital and time is wasted when good services and useful product needs to get shelved because they didn't struck a homerun with the investor etc within the time frame allocated.
I don't want to be part of this mickey mouse game. I want to know what it takes to build a profitable business from nothing, because ultimately I'm not in it soley for the money, I want to actually solve problems that I think is worthy of solving, and I need to be able to do this at my pace.
Leverage from outside money is a double edge sword as all day traders know. It magnifies profit but it also magnifies loss. I see companies that just keep on getting money without ever thinking about positive net profit growth, and instead what the next idiot will think the company will make in the "near future", however long that is. I simply do not see this working and neither did Warren Buffet during the dotcom bubble, the idea that share price today is reflected on by not cash earned today but what it could make tomorrow is insanity (la nouvelle économie ooh la la)
I too support bootstrapping vs. funding, I mainly feel that the intellectual value is being exploited by profit at all cost kamikaze capitalism, and I just wonder how the attitude will change when we see the likes of Facebook and Twitter collapse in the oncoming market correction, when the next investor comes along and starts to worry that they won't be making net profit this year or the next or the next, and that it's a giant pump and dump scheme, where the victims will once again be duped investors.
I keep hearing from people "oh you need funding", "you need to give a way 25~50% for X amount of money", "you need to capture the market".
I just find this extremely annoying. I want to build a business, a profitable one, by not owing anyone anything. I want to be in control because I am passionate about the technology and the problem it solves.
What I can see from a macroeconomic point of view, is the previous generations grasp at innovative output by the younger generation. They are essentially declaring a "piece of the action" for something they see only as a money bet. For someone with a billion dollars, spraying six digits to several companies is not a big risk. Consider how much work that now needs to go in to satisfy their expectation-go big or go home. This is ultimately bad for the consumer choice and the economy. Much human capital and time is wasted when good services and useful product needs to get shelved because they didn't struck a homerun with the investor etc within the time frame allocated.
I don't want to be part of this mickey mouse game. I want to know what it takes to build a profitable business from nothing, because ultimately I'm not in it soley for the money, I want to actually solve problems that I think is worthy of solving, and I need to be able to do this at my pace.
Leverage from outside money is a double edge sword as all day traders know. It magnifies profit but it also magnifies loss. I see companies that just keep on getting money without ever thinking about positive net profit growth, and instead what the next idiot will think the company will make in the "near future", however long that is. I simply do not see this working and neither did Warren Buffet during the dotcom bubble, the idea that share price today is reflected on by not cash earned today but what it could make tomorrow is insanity (la nouvelle économie ooh la la)
I too support bootstrapping vs. funding, I mainly feel that the intellectual value is being exploited by profit at all cost kamikaze capitalism, and I just wonder how the attitude will change when we see the likes of Facebook and Twitter collapse in the oncoming market correction, when the next investor comes along and starts to worry that they won't be making net profit this year or the next or the next, and that it's a giant pump and dump scheme, where the victims will once again be duped investors.