Why Startups shouldn’t always take outside Money

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Source fortune.com

Why Startups shouldn’t always take outside Money

First, if you want to go really big, you’ll probably have to raise investment capital from an outside source. But you can still get to a relatively large level by bootstrapping—this consists of taking the money that you make in the first year, paying yourself a little bit, then rolling everything else back into the company year-by-year. However, most huge companies—or ones that became colossal like Facebook or Tesla—at some point have more opportunities than capital, so raise outside cash.

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