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I like the point about investors knowing the space. As an entrepreneur its been hard for me to find good investors who know and understand the space I'm in (SMB) to be comfortable enough to put in small amounts of capital. I've had to bootstrap my venture for the last 7 months. In doing so I actually came to the realization that if I start to make revenue that will cover my operational costs then I don't need to take investment or can hold off and give my employees better equity based compensation. I'm wondering if there are other entrepreneurs out there who are starting to think like me and hold off on taking investment.
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Jul 30, 2010