Ask HN: Take a small seed round, or remain bootstrapped?
1 of them is in market, got early traction and growing slowly organically but, given a lot more time and effort, could be a decent sized business.
The second is a earlier, but again, could be a decent sized business.
We've chosen to bootstrap because we like the idea of the:
- Flexibility to shift to new projects/opportunities
- Building a cash-generating business (vs. waiting for a future exit)
- Working to our timelines/goals, instead of those of an investor
We have a potential opportunity to raise about $350k, for 10% from very founder-friendly fund.
We don't _need_ the cash, but it may help accelerate things.
Intuitively taking the cash injection feels like a no-brainer, but part of me never expects to exit this business because we hope to just live off the cash it generates.
Has anybody been in a similar situation? Any war stories or advice?