I feel like this minimizes an important truth: that taking investment tends to mean losing control. Founders see that and want to maintain control.
It still is a bit of stretch to get into an accelerator especially if you are before product market fit or if the product is in an very "unsexy" space (like supply chain).
My perception is at an accelerator or a $100K angel is really basically a nice pitch + MVP + some token revenue or customer maybes.
I get it that if u are building yet-another-analytic-service, then the bar is higher.
I dont get this. AFAIK accelerator is like ~$50K-$150K. What kind of product fit can u possibly reach before your first $50K ?
Even a fully functional MVP only really shows basic execution ability. No?
this has almost nothing to do with bootstrapping per se. i don't know if the author is confused about it or just trying to draw clicks. decidedly untrue statements like 'For the first time in 40 years, the tide is starting to change' and 'when starting an enterprise' don't help. the fact that the specific business being discussed is almost certainly not one that could attract VC money anyway also doesn't help the author.
a title that would make this article more reasonable is 'from side hustle to a viable one-man business in 6 years'.
well, it's not specifically about side hustles either but it is reasonable albeit generic advice for one-man shops (possibly with some replaceable helper employees), for niche services such as skylight installer, gutter installer, ikea assembler, or as in this case, a subscription based marketplace for very tiny yet viable markets that can't be serviced adequately by large platforms.
That is literally NOT a business.
There is NOTHING wrong with creating work for yourself if you get paid for it. Half of my time is spent consulting and that is not a sellable or delegateable "business." It's me selling my time. Lots of people do that and it is fine.
But starting a venture where you keep your arms around all of the critical tasks is not building a business. A business is a set of systems and processes that can be performed, managed, and recorded without reliance on a single individual.