Rejected by
@ycombinator,
@Techstars, or
@500STARTUPS? Meh. Don’t worry. Not every quality business needs to be a $1B
#unicorn 🦄 , and the VC model for most startups looks pretty broken these days. Sweat equity, self-teaching, and maybe $1,000 for some quality tools (like
@bubble) is all you need to build your MVP anyway. In fact, ditching accelerators entirely, bootstrapping with more modest resources, and getting to market fast and lean can be more rewarding, and more realistically lucrative. Here are some reasons why . . .
👑 Life on Boss Mode: When you use your own money, you get to own 100% of your successes, and you have to own 110% of your failures 😀, which is good for the soul.
🎯 Focus: With limited resources, you have to focus on what's truly important. This compels you to make your project lean and flexible, and helps you avoid feature bloat and stay hyper-focused on product-market fit.
💰 Faster Revenue: Launching your product fast means you can start making money sooner.
🗣️ Real Feedback: Only paying customers give real feedback because they have skin in the game. Interestingly enough, if you're solving their problem, they want you to succeed way more than VC’s and accelerators do.
📚 Learning: There is no better way to learn how to operate a business than just starting. And external funding tends to skew these lessons towards boilerplate trite advice. Forget that. Forge your own path. Learn what you need, and learn it the hard way.
🎮 Control: Accelerators can take up to 20% of your equity, and give you fairly obvious advice that can be acquired for free on the internet or your public library. And then they compel you to take that advice. Is it really worth it?
💸 Cash Flow: VC/Accelerator growth advice stinks: “Spend 44% of the money you raise on Google and Facebook ads to stimulate growth that would otherwise be unsustainable organically.” Nonsense. Put in the hard work and build organic growth.
🔄 Plan to Pivot: Running lean and fast lets you make lots of small pivots while searching for product-market fit. This is the way.
👥 Customers First: Focusing your effort on product-market fit means putting your customers first in absolutely everything. If you can’t learn to empathize with your customers’ actual pain points you won’t win.
💪 Skin in the Game: By using your own money, even if it’s not a lot, you show true commitment to your idea.
So, don’t worry that some fancy accelerator(s) rejected you. You can make your MVP happen without them. If you need a little boost, here is a list of nocode startup resources that might help:
bootstrapped.app/knowledgeba…
#Entrepreneurship #Bootstrapping #MVP #Startups #SelfFunding #BusinessOwnership #FocusOnSuccess #LeanStartup #CustomerFeedback #LearningByDoing #ControlYourPath #CashFlowManagement #OrganicGrowth #ProductMarketFit #EmpathizeWithCustomers #Commitment #NoCodeStartup #Resources