Why Bootstrap Finance a Startup - Anatole Faykin

In Chapter 17 of 18 in his 2011 Capture Your Flag interview, Internet entrepreneur Anatole Faykin answers "What Informed Your Decision to Bootstrap Your Startup Versus Pursuing Outside Capital?"  He notes not everyone can raise outside capital.  In his case, it was not clear he could raise outside capital for his Shanghai-based daily deals site, Tuanpin. Also, he finds it faster iterating via the bootstrap, focusing less on investors and more on customers.  Lastly, he wonders if it would be beneficial to get involved in the fundraising race around daily deals sites.  Faykin is the founder of Tuanpin, a Shanghai-based daily deals site he grew to 25 employees and sold in the fall of 2011.  Previously, he worked for British Telecom in London, Intel in Shanghai, American Express in New York, and Oracle in San Francisco as well as several startup ventures.  He holds an MBA from the NYU Stern School of Business and a BS in computer science and biology from the California Institute of Technology.