I read Guy Kawasaki’s blog post today regarding having a Plan B for funding your startup.
http://blog.guykawasaki.com/2008/09/how-about-a-pla.html
I completely agree, and think it is great advice. However, as I commented on his blog, why is there no in between? Our only choices now are bootstrapping or VC money. I know I am at a disadvantage living in Phoenix, because there is not a strong angel network, the only viable alternative. But do angels really fill the gap in areas where the investment community is larger and stronger? I can continue to bootstrap, and live off my little nest egg unti it runs out, or I can give up way too much of my company to get VC money, IF I can interest them in investing.
I guess my biggest complaint is the lack of “friendly” angel money, non-existent Small Business loans, and any other sources to bridge the gap. I know there are resources out there for everything I mentioned above, but again, perhaps Phoenix is even worse for Startups than I originally thought.
