Friendly question about this kind of company from the perspective of employer competitiveness: Is known that sweet-VC-money + equity (debatable) is the edge for Startups, BigCo the brand, and BigTech Money + Prestige.
From a pure employment perspective, what are the clear unique advantages of working in some of those bootstrap businesses?
Just guessing: better working environment and less stress? Working for a company that need to raise every x month to continue paying salaries and looking for crazy grow rates could lead to a lot of stress.
(Author here) That's a great, great question, and it is difficult.
I think I might write this up as a separate post as there's a lot to unpack. There are pros to working for a bootstrapped company, but they less concrete than the pros of working for someone with a massive B round.
Thanks for your prompt reply. I was just wondering about it because I worked 10 years ago in a bootstrapped company and of course, it does not have a substantial financial upside in comparison with liquid RSUs or payment premiums due to VC money; but was a pretty decent working experience.
At least for me was more or less felt less about an employee in the sense of not having a lot of Kool-Aid as a VC/larger company, and more about having a clear boundary that I was selling a service in a stable for-profit company in a specific niche.
From a pure employment perspective, what are the clear unique advantages of working in some of those bootstrap businesses?