Employee commitment in bootstrapped versus externally funded companies (Part 1)
Link: Cristian Dorobantescu
During my 5 years working in software companies I got the chance to work on both self-funded (and bootstrapped) and external funded companies.
I'm not going to make some definitions of self-funded versus external funded by the book, but to make sure we have the same understanding of the things I would say that:
• a self-funded company (bootstrapped) is a company that grows based on the resources it has generated previously
• an externally funded company relies on supplemental resources offered by the shareholders, venture capitalist or any other entity.
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