A founder describes capital raising as the most punishing experience of their life. Andy Walsh argues that bootstrapped founders and early angel-backed companies avoiding VC can escape the pressure of chasing exits and headlines that mislead founders into wrong directions.
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Honestly, for me, capital raising was the most punishing journey of my life. I don't wish that upon anyone, but at the same time, I'm grateful that I went through that experience because I think it's just another tool in your toolkit if and when I ever wanted to go back down that route. But I think it really does wind you into extreme burnout at times.
And I see it not even just in female founders, but broadly now there's a broad understanding and awareness, public information available about people that have bootstrapped. People that have got maybe some angel investment on early and have leveraged that in a way to become cash positive and not relying on these external narratives and the people that chase headlines for fundraising for the right VC fund to talk about as a partner, focusing on exit when an exit may not even be the right thing to do. There's all these stereotypes that exist that send people off, in my opinion, in the wrong direction.