Some Say Forget about Funding

Two posts on Thursday from respected business bloggers saying, in essence, "Forget about funding".

In response to a question Seth Godin received, "How can we get our company funded?", Seth answers, "Don't." Points from Godin:

• If you fund your company, even a little, you've just sold it.
• Most companies are not appropriate sites for VC money...because they're freelance ventures, not entrepreneurial ones. A freelance venture is one where you work to get paid. An entrepreneurial one is where you can make money while you sleep.

Anita Campbell cites a U.S. News and World Report article by Jim Pethokoukis that says, "Bootstrapping, i.e., funding a business from customer revenues and getting it to be self-sustaining as quickly as possible, is the right answer for the vast majority of businesses. Besides, it’s the only answer for most businesses. Only a tiny percentage of businesses will appeal to venture capitalists or angel investors.