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General discussion

Questions to ask yourself for Startup Funding

May 9, 2016 10:38PM PDT

The source of funding is also a key factor that contributes to the overall success of a startup. The dilemma an entrepreneur faces is stark- should he part with the equity of the business to the investors so that they fund his dream venture? Or should he dare to take the bootstrap-funding plunge and enjoy the liberty of being his own boss?

Bootstrapping like the old days
But given the easy accessibility to huge sums of money from investors and venture capitalists, startup founders now seldom opt for bootstrapping to start their ventures. It, therefore, becomes tempting to chase your dream of getting on with a startup, but at the same time it isn’t easy to be an entrepreneur to drive the business towards its core objectives.

Thanks to the Internet, we are living in an era of information overload. There is so much information on what has worked for startups and what’s got them to fail. Budding entrepreneurs can learn from the mistakes of others and improvise on their business ideas to ensure its success. But I would recommend today’s entrepreneurs to not opt for the easy route of investor funding, unless your business model demands that approach.

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