Would you rather own a VC-backed unicorn ๐ฆ or a 1M yearly revenue bootstraped SaaS Business ๐ ?
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I think that will purely depend upon people to people and their vision, if you are working on any new category or any path breaking technology which require lot of money to start with then you will have to go for VC but you are build some lifestyle business or are very satisfied with improving some current product then you can go for bootstrapped
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@kunversation yes indeed for deep tech and R&D heavy businesses VC money is necessary. The questions is more about less R&D heavy products.
I think it would depend on what one is building and on the Founders' vision.
If the outlook is to build a sustainable, profitable business with linear growth (mostly), bootstrapping is the best approach.
If one is in an extremely competitive, high growth space (say D2C, Tech, etc), it might need external capital infusion, to scale fast and outdo competition. And in the process, build value, employment, revenue.
Of course in both cases, PMF and revenue will play crucial roles.
It depends on what the profitability of the $1M revenue SaaS business is.
With lots of employees/contractors, and low margins, it might not make much money.
With a VC-backed unicorn I could sell some of shares and have millions in the bank, which would allow me to focus just on growing the company to exit.
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@chikodi fair point which makes me wonder about what levers can you action to maintain your Saas margin low?
Je le veux car mon pays me donne pas cette chans pour trouve une entreprise qui vous donne revenus je vais pas le garde pour le veux l inverstire pour que je veux beaucoup le l endemen
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