Bootstrapping was never sexy. It's not sexy now. What's going on is that most VC firms have no idea how to actually identify themes or teams in which to invest and times like this expose them.
Unlike Dan, I'd love to get funding, even as we have a revenue model that doesn't require scale to get profitability. What VC funding does is dual risk mitigation - money reduces my personal risk of paying the bills and the very act of investing in the company makes the opportunity less risky by providing a cushion to try and make a few mistakes. I am, and most entrepreneurs, are grateful to bear less risk so that they can focus on making a great product.
At the end of the day, however, I'm well aware that eBay didn't need a dime of the Benchmark money they took, and that allows me to say no to the scrubs that come a-knocking.
Unlike Dan, I'd love to get funding, even as we have a revenue model that doesn't require scale to get profitability. What VC funding does is dual risk mitigation - money reduces my personal risk of paying the bills and the very act of investing in the company makes the opportunity less risky by providing a cushion to try and make a few mistakes. I am, and most entrepreneurs, are grateful to bear less risk so that they can focus on making a great product.
At the end of the day, however, I'm well aware that eBay didn't need a dime of the Benchmark money they took, and that allows me to say no to the scrubs that come a-knocking.