Project Manager: So it sounds like the only thing holding us back from launching early is being ready.
I have a friend who is in the middle of launching a startup. He’s coding the site himself, and is spending his days and nights locked in his room hunched over his desk typing frenetically, furiously creating a masterpiece. He’s got drive, he’s got passion.
We talked last night about VC, that’s venture capital for my Mom’s benefit (Hi Mom), and about when, if ever, it’s needed in today’s Web 2.0 culture.
Of course, I’m a business writer/analyst so I said that many times , a large influx of cash IS necessary. I’ve seen businesses that struggle and can’t even upgrade their stinkin’ servers because they’re giving away something they can’t afford to upgrade enough to monetize. So, I think everyone should have a board member with deep pockets.
He, wisely, said his business wasn’t ready.
Here I am thinking “go, go, go” and he’s telling me he can wait a few months to test and then decide on VC. He might even bootstrap it completely.
I have a few other acquaintances that bootstrapped it and they tell me they haven’t regretted a thing.
On a related note, our podcasting startup’s site is up now. I still am not allowed to announce it, but at least for those of you following that, know were are a week or two away from a quiet launch.
We are bootstrapping it, but we’ve been blessed with some strategic partnerships that have allowed us to get majorly-expensive services for a slight percentage of ownership. I know we couldn’t have afforded it otherwise.
Shoot, I can’t even afford to travel to DEMO, even after I was given free tix. Bummer, huh???
So, as usual I’ve given you far too much info but hopefully I’ve spurred some thought for you on VC.
I don’t know how I feel, but right now I think it just depends on the situation. A startup like Digg probably could have done w/o venture, though I see how much faster they were allowed to grow due to the influx of cash.
However, something that required a major amount of employees and physical property would HAVE to have VC. Any thoughts on this?