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Bootstrapping only works if you have the runway to do it and you don't feel the need to grow fast.
With NeuML (https://neuml.com), I've went the bootstrapping route. I've been able to build a fairly successful open source project (txtai 6K stars https://github.com/neuml/txtai) and a revenue positive company. It's a "live within your means" strategy.
VC funding can have a snowball effect where you need more and more. Then you're in the loop of needing funding rounds to survive. The hope is someday you're acquired or start turning a profit.
I would say both have their pros and cons. Not all ideas have the luxury of time.
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