a useful q&a in peter thiel's cs183 that's not in zero to one Show more
Q: …If a startup can bootstrap instead of take venture capital, what should it do?
Paul Graham: VC lets you borrow against future growth. You could wait until your revenues are high enough to fund x. But, if you’re good enough, someone will give you money to do x now. If there’s competition, you may need to do x quickly. So if you don’t screw things up, VC can often help you a great deal.