A founder's journey, contrasting bootstrapping with venture capital funding, and delves into product-led growth and pricing strategies.
A founder's journey, contrasting bootstrapping with venture capital funding, and delves into product-led growth and pricing strategies.
Why? Why not taking outside money from institutional investors? Why you taking this unique route to to building Spend base? >> So, my thoughts on this that I have like some vision to to build the company and I want to build something remarkable, something that is different from what all other companies are building. So, like if they have like some VC playbook that is pushing them to do an exit because they need to close their like 10-year fund or something like that. That is not the in this situation when where I want to end up this [clears throat] and they all also don't want to end up in situation where I kicked out of my own company or something like that. Uh those things are also happening. Uh I think that the the fundraising is great and like the the VC money helps to drive a lot of innovation uh as you can see like from Anthropic ground, Open AI, etc. That's there's like a
huge driven of like new technologies etc. But you need to know like the funds very well, you know, and I'm not like the person that was like in the VC world like in the uh SF knowing all of the VCs for like years and trusting them etc. Uh I'm just like a guy from the middle of Ukraine, you know, uh so uh like our investors in Ukraine is a little bit different types, you know, like you you can end up in the forest, you know, like >> [laughter] >> uh digging the grave, you know, like if you don't give them money back. So, that's like uh uh some of the investors that you you can receive money from. Uh >> [laughter] >> Uh >> And now and now and now when it comes to for example the bootstrapping side of things, you know, um because that's the way that you guys have been building this. What are perhaps, I mean, we we talked about the upsides uh which is that you
get to retain, you get to avoid the pressure if the uh investor needs