The article discusses the key differences between bootstrapping and fundraising for startups, highlighting the advantages and disadvantages of each approach. It emphasizes the importance of understanding a startup's financial needs and growth potential when deciding between using personal resources or seeking external investment. Ultimately, the decision impacts long-term business strategy and ownership dynamics.
Jason Citron, the CEO of Discord, creatively pivoted from a failed mobile game by using fake screenshots and a landing page to validate demand for a standalone chat product. This strategy garnered enough interest to raise a bridge round of funding before the product was even built, ultimately leading to the successful launch of Discord.