You must be constantly bombarded with news of X startup raising Y millions in funding rounds. That’s obviously defines the potential of that certain startup to some extent. Venture Capitalists are very smart individuals who bet their odds in certain startups after extensive analysis. So these companies definitely have the prospects. However, one thing I’ve noticed is bootstrapped startups beat their VC backed counterparts when it comes to managing expenses efficiently.
It may be a psychological phenomenon since expenses for bootstrapped businesses are sourced from their own pockets. But it is equally important for a startup of any scale to manage their expenses efficiently. Folks at Courier Tracking have designed this illustrative image based on data collected from different sources and our personal finds.