Ritchie: Bootstrapping Causes Far Less Stress Than Pitching VCs
Mike Ritchie · Episode 511 | Raising Prices & Re-writing Your Codebase · Aug 25, 2020 · at 6:14
Mike Ritchie, co-founder of SeekWell, discusses shifting focus from raising institutional venture capital to bootstrapping and customer-driven profitability.
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“There was also just like a stress shift. Like we just became a lot less stressed out. I still worked extremely hard. We still all worked extremely hard, but there was a lot less pressure of like, Hey, you have to hit this one tiny home run of convincing one out of a thousand VCs to give you a million dollars, give you two million dollars that went away. And we really just focused on making customers happy. So that is a lot less stressful to me is, you know, one by one making customers happy.”
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