Bootstrap or VC?

1

Convert Case

#Text Editors #Word Counter #Productivity 48 social mentions

2

txtai

Bootstrapping only works if you have the runway to do it and you don't feel the need to grow fast. With NeuML (https://neuml.com), I've went the bootstrapping route. I've been able to build a fairly successful open source project (txtai 6K stars <a href="https://github.com/neuml/txtai">https://github.com/neuml/txtai</a>) and a revenue positive company. It's a "live within your means" strategy. VC funding can have a snowball effect where you need more and more. Then you're in the loop of needing funding rounds to survive. The hope is someday you're acquired or start turning a profit. I would say both have their pros and cons. Not all ideas have the luxury of time.

#Search Engine #Databases #Utilities 61 social mentions