ITNorthWest Voice

This is a blog for all the technology entrepreneurs based in the North West of Ireland - musings about our business, companies, interests, trends and any other random thing that hits us.

Thursday, June 23, 2005

Genuine VC: An Entrepreneur's Perspective on Information Asymmetry in Bootstrapping

Genuine VC: An Entrepreneur's Perspective on Information Asymmetry in Bootstrapping This is a dilemma that many entrepreneurs face - and usually is the 1st trade off that has to happen. From my own experiences, you are better off surrounding yourself with at least 2 strong developers who can deliver on the product in a timely manner - and if you want good developers you need to spend $$ to ensure they can do their job well. It's a "penny wise, pound foolish" scenario for her - my fear is that she may end up with an inadequate product, minimal spend on product development and 100% of equity.

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