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The tyranny of the quantifiable

“The tyranny of the quantifiable” describes the current ethos of venture financing.

In such a system, what can be measured almost always takes precedence over what cannot: private profit over public good; speed and efficiency over enjoyment and quality.

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Outside of bootstrapping, or relying on wealthy friends or family, or having connections to the limited network of mission-driven angel investors, there’s a dearth of options for tech companies seeking financing: It’s venture capital or bust.

In an alternative version of t...

Paul Graham argues that explosive growth is the only measure of success. “Making it” means one of two things: go public or sell. But a startup has about as much chance of making it as a single sperm has of fertilizing an egg.

90% of startups fail. The majority die ...

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What Is Bootstrapping?

  • Bootstrapping is founding and running a company using only personal finances or operating revenue.
  • This form of financing allows the entrepreneur to maintain more control, but it also can increase financial strain.

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60% Were Not First-Time Founders

  1. Among the founders of billion-dollar startups, almost 60% were not first-time founders.
  2. In a randomly selected group of startups that had raised a minimum of $3 million in venture capital funding but didn’t reach unicorn status — the typical picture for a seed-funded startup — about ...

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PR for startups vs. established companies

Entrepreneurs cannot simply replicate Apple or Nike’s PR strategies and expect the same results.

For starters, startups begin with a clean slate and no brand awareness. Therefore, an entrepreneur’s focal point for generating PR will often focus on one or more startup-specif...

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