Mares: Venture capital beats bootstrapping because elite talent is prohibitively expensive
Justin Mares · How to launch a $100M DTC brand | My First Million #194 · Jun 25, 2021 · at 28:05
Justin Mares reflects on the difference between running a bootstrapped shoestring budget company and a venture-backed company with a world-class team.
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“I think I will probably raise for most things that I do going forward or invest my own money just because, The caliber of the team that we were able to hire around us, like what we were doing on a shoestring budget versus what we could do after was just night and day. Like we have an amazing team, but amazing people are expensive. And so it's definitely like made my life a hundred times easier and more enjoyable getting to spend other people's money to increase the value of my equity by hiring amazing people. It's like, that seems like a no brainer to me in a lot of ways.”
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