We're following a very similar philosophy of bootstrapping a set of businesses we're working on [1].
reasons are :
1. we want to stay flexible and put out a variety of businesses that might not be similar except in that we're leveraging our skills to build them. From my experience in venture funded startups - once you take funding for that business - radically changing direction or adding unrelated businesses seems impractical.
2. we want to keep full control and ownership - so that if an opportunity arises to sell the business we can do it with minimal hassle.
4. we're skeptical of our own ability to raise vc; and worried about all that that exercise entails - especially the potential distractions.
[1] "Yukon Data Solutions" is our first; we have a few other analytics related businesses in the pipeline; but also, interestingly some direct to consumer products that sort of fall into the "fashion" category.
reasons are :
1. we want to stay flexible and put out a variety of businesses that might not be similar except in that we're leveraging our skills to build them. From my experience in venture funded startups - once you take funding for that business - radically changing direction or adding unrelated businesses seems impractical.
2. we want to keep full control and ownership - so that if an opportunity arises to sell the business we can do it with minimal hassle.
4. we're skeptical of our own ability to raise vc; and worried about all that that exercise entails - especially the potential distractions.
[1] "Yukon Data Solutions" is our first; we have a few other analytics related businesses in the pipeline; but also, interestingly some direct to consumer products that sort of fall into the "fashion" category.