$150k sales in 6 months for our mobile app. Direct Competitor raised $3.5M. We've had just as many users and volume as them. Should we keep bootstrapping or start seeking for Venture capital?
The best time to raise capital for a startup is when you have a clear idea of what you want to do and a clear idea of how much money you need to get to a milestone that will set a higher value for your company. In general its better to bootstrap and do friends and family as long as you can, because the more mature and successful you are the better deal you will get from angels or VCs.
Answered 7 years ago