Self-funding a startup limits your resources and growth compared to companies that raise capital. You risk your personal savings and potentially your family home. Get full agreement from your spouse or partner before putting essential assets on the line.
The cons for self-funding. You'll have limited resources. Growth may be slower without external capital. The other con here is that there's a higher personal risk. Your savings and financial security could be on the line. I always tell founders this: if you're tapping into your personal resources, make sure, be absolutely certain that every person who's impacted by the decision is fully on board. Don't put the house on the line and your spouse, your partner is not on board.
