Founder-funded companies:
Constantly innovate to serve their customers
Provide top-of-the-line customer service
Use cash flows for long-term activities
Venture-backed companies:
Yield to external pressures from investors
Raise prices to show top-line growth
Have to spend cash based in a given time on objectives set by investors
Jason Lemkin
There is no difference between a venture-backed firm and bootstrapped firm after a certain revenue stage!
A Culture of Sustainable Innovation
As a founder-led company, Flosum is not beholden to outside investors. While many other tech companies are focused on “growth at any cost”, we are free to focus on innovation, great products and outstanding service.
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Traditional founder-led businesses perform 3.1x better on average than non-founder-led companies. Harvard Business Review
74% of high-growth venture-backed startups fail due to premature scaling, according to research by the Startup Genome Project
Customer Quote
“Growing off of your own success and profits requires a lot of work. But after experiencing both sides of the equation, I know bootstrapping offers enormous advantages over the VC-funded route.”
Jessica Rovello
Co-founder of Arkadium
“Sacrifice and discipline…can indeed deliver the motivation and flexibility necessary to build a sustainable, profitable business. This is the holy grail for any founder, after all.”
Qasim Mohammad
Founder of Repshift