Build Your Business The Way You Want To

From Hunter Walk’s “You’re Either Venture-Backed or a Lifestyle Business: The Big Lie“:

Venture capital isn’t the only way to fund your business and for many at the earliest stages of their startup, it’s one of the worst choices.

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The lower cost of getting a startup off the ground isn’t just resulting in more small teams going after big ideas, but more teams addressing tangible, practical needs. To date there’s been a funding gap for these entities since they fall between your typical small business bank loan and larger venture financing…

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So RIP calling anything not venture-backed a “lifestyle business.” Go build your business the way you want.

Notes:
I often wonder if the meaning of entrepreneurship has been lost in the hollywood-ization of tech by the media. You don’t have to try to create a $1 billion company or change the world to be an entrepreneur. It will be madness if everyone tries to do that (it probably is getting there). Starting a business is a risky enough endeavor in itself, without additional societal expectations to be burdened on.