Venture scale vs bootstrapped businesses

It was another beautiful day here in Zadar. I felt exhausted so I slept in a bit and started my day later. It was much needed. I was able to go to the market and grab groceries, workout, and sit down for a nice lunch outdoors before starting my workday. I absolutely hate working until 11pm every night, but I suppose it’s not all so bad. Flexibility goes both ways.

I was reading discussions on Twitter in the FinTech circles on Intuit’s close down of mint. There seems to be quite a few loyal users of Mint and now many are looking for that new app. On the surface, there seems to be some need here for better personal finance management apps and tools. There seemed to be some people building in this space as well.

All that said, I’m really not a believer of VC backed personal finance apps. Put simply, you just have to acquire too many users for this to reach the revenue that VCs seek. I’ve said this time and time again, but I feel that too many people try to build businesses with VC money when their best option is to just bootstrap the business.

Personally, I am very interested in bootstrapped small businesses. I’m not sure what my journey after Secfi is but if I had a guess, it likely will be starting my own small business or acquiring one. Maybe personal financial management is one of those areas.