If you’re an entrepreneur thinking of starting a business, there are a lot of questions you’re probably asking yourself. One question in particular tops the list: Should you bootstrap your business, or seek funding for your company from venture capital investors? To answer this question, I spoke with Greg Goldfarb, a Managing Director at Summit Partners, a growth equity firm that has invested in more than 380 companies over 30 years.
We just wrapped up our first financial audit for Software Advice. We hired accountants to come in and review our accounting procedures and historical financials, and attest that everything is squeaky clean. It is…now. Through the process I learned a lot, so I thought I’d share what I learned… and what I wish I had known when starting this business.