Who Makes More Money: A Bootstrapped Entrepreneur or One Who Raises a Lot of VC Money?
The answer is, it depends.
There are some off the charts success stories like Facebook, Google, and some others where the entrepreneurs raised huge amounts of VC money and also ended up creating huge amounts of personal wealth.
In the cases where the exits are modest, it is generally the case that people who bootstrap end up creating a lot more personal wealth than those who raise a lot of VC money.
Here’s a cartoon video that explains the latter case:
Cartoon: Book by Sramana Mitra and Irina Patterson. Art by Mike Varouhas.