Reading this article on Wired makes me depressed. A lot of us struggle building a real company without funding, bootstrapping and going without a salary for months yet Wired writes about a bunch of privileged funded startup founders as if their plight is so dire.
One Startup’s Struggle to Survive the Silicon Valley Gold Rush
Boomtrain landed a place on an accelerator with just a pitch (no product – the HBS connection probably helped) and a 450K convertible note. When they had trouble landing a Series A investment, the writer writes as if we should somehow lay pity on them. That each founder was drawing ONLY 30K salary from their original investment.
THEN when they finally get funded, the pity party doesn’t end. The writer talks about how unfortunate for them because they’re still beholden to their corporate customers.
Oh how the privileged suffer.