Here's a couple of quotes from the book "Getting Real" by 37signals that I've been reading, in the essay "Fund Yourself" by 37signals.
"The first priority of many startups is acquiring funding from investors. But remember, if you turn to outsiders for funding, you'll have to answer to them too. Expectations are raised. "
"Run on limited resources and you'll be forced to reckon with constraints earlier and more intensely. And that's a good thing. Constraints drive innovation.
Constraints also force you to get your idea out in the wild sooner rather than later — another good thing. A month or two out of the gates you should have a pretty good idea of whether you're onto something or not. If you are, you'll be self-sustainable shortly and won't need external cash. If your idea's a lemon, it's time to go back to the drawing board. At least you know now as opposed to months (or years) down the road. And at least you can back out easily. Exit plans get a lot trickier once investors are involved."
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