You don't need outside funding from "summary" of Rework by Jason Fried,David Heinemeier Hansson
When you start a business, it's easy to get caught up in the idea that you need outside funding to succeed. The truth is, you don't. In fact, seeking outside funding can actually hinder your progress. When you rely on outside funding, you lose control over your business. You have to answer to investors, who may not have the same vision for your company as you do. They could push you to make decisions that benefit them, not you. Bootstrapping your business forces you to be resourceful. It encourages you to find creative solutions to problems instead of throwing money at them. This can lead to more sustainable growth in the long run. One of the biggest benefits of not seeking outside funding is that you get to keep all the equity in your company. You don't have to give away ownership to investors, which means you get to call all the shots. By not seeking outside funding, you also avoid the pressure to grow at an unsustainable pace. When you're using your own resources, you can focus on building a solid foundation for your business instead of chasing rapid growth. Bootstrapping your business may take longer and require more effort, but the end result is worth it. You'll have a company that's truly yours, built on your terms and your vision. And that's something money can't buy.
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