Welcome to the 80th edition of The LogTech Letter. TLL is a weekly look at the impact technology is having on the world of global and domestic logistics. Last week, I revisited the issue of electronic bill of lading adoption. This week, I’m posing a hypothetical: will bootstrapped business in the logistics technology space end up faring better than those that are venture-backed?
Having done both, having a bootstrapped company with revenue feels like a much greater success. The pressure to look for liquidation events goes from an urgent issue, to a nice thing to think about in the future, while growing sustainably. Agree with Joshua, Bootstrapping is the way.
Thank you for the counter-perspective and well put per usual.
Most unicorns in our space are vastly overvalued + most incumbent intelligent consultants and operators in our world tend to agree.
But props to those founders for knowing how to ride this supply chain and logistics venture capital wave. And being able to close those rounds successfully too, fundraising is a full time job in itself yet founders are still expected to do it. Despite it always being a distraction to the core venture work itself too.
Bootstrapping is the way. 🥾
Well done once again Erik.
Having done both, having a bootstrapped company with revenue feels like a much greater success. The pressure to look for liquidation events goes from an urgent issue, to a nice thing to think about in the future, while growing sustainably. Agree with Joshua, Bootstrapping is the way.
Yes. 😂
Thank you for the counter-perspective and well put per usual.
Most unicorns in our space are vastly overvalued + most incumbent intelligent consultants and operators in our world tend to agree.
But props to those founders for knowing how to ride this supply chain and logistics venture capital wave. And being able to close those rounds successfully too, fundraising is a full time job in itself yet founders are still expected to do it. Despite it always being a distraction to the core venture work itself too.