Long-term bootstrapping pride can psychologically inhibit founders from accepting necessary funding
Jeff Shiner · 1Password’s growth story | How they went from bootstrapped to $6B company | Jeff Shiner (CEO) · Apr 24, 2025 · at 57:48
1Password CEO Jeff Shiner discusses the psychological trap of building an identity around being a bootstrapped company.
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“You can get to a point where you're proud of things you should no longer be proud of. Maybe said a better way, the things that you're proud of can inhibit you. And so, you know, once you've been Bootstrap for 10 years, and everybody's like, wow, you've grown this great company, all bootstrap. How impressive is that? That becomes, it comes right down, it becomes a blocker when it's like, does that mean I'm less successful if I take funding?”
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