Bootstrapping the business means that founders retain control and can make every decision themselves. The flip side is that lacking expert insight from investors can be a difficult way to run a startup, so inexperienced founders might struggle. It can be the right fit for an early-stage startup — but there are a few questions to consider first. Companies in capital-intensive sectors, still working on product-market fit or in a “winner takes all” space might not benefit from bootstrapping, and find VC investment more appropriate.
Slowdown in African startup funding raises concerns – African Business
Slowdown in African startup funding raises concerns.
Posted: Fri, 05 May 2023 07:00:00 GMT [source]
The interest rate is fixed at 6 percent per annum, and the loan can be repaid over one to five years. Being a founder of a Startup, you have to figure out the fixed and variable costs of …
