Mark MacLeodFounder, Limitless.ceo · The Startup CEO Coach | Helping ambitious CEOs & founders scale world-changing companies without sacrificing their health, happiness, purpose, or humanity

Bootstrapping vs VC: Weighing the trade-offs, David Hauser Managing Partner at Durable Capital

13 Aug 2024 · 1 min

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David Hauser stepped down as CEO after raising capital, saying he wasn't the right person to manage $42 million in spending. He prefers bootstrapping for profitability over the fast-burn VC model, even though staying would have meant more growth and equity.

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After the capital raise, I stepped back from the CEO position. I built it from the ground up with the team and, you know, really understood that I was not the right person to spend $42 million. Like, I'm not comfortable in that space. And that was a hard realization to understand because I could have grown it, right? I could have raised more capital. I. I would have retained more equity because I, you know, all of those pieces. But I'm not comfortable in that space, and I didn't want to operate in that space. I like the profitable bootstrapping experience. Compared to how fast can you spend that capital, it's just a different experience.