This week in NYC funding news: The benefits of bootstrapping over fundraising


Here at the New York Business Journal, many stories crop up about startups focused on growth rather than fundraising.

They bootstrap.

This year, I spoke with many founders who opted to bootstrap before hitting up investors for capital: Betr, founder and CEO Tom Arrix; Flytographer founder Nicole Smith; Scruff founder Eric Silverberg; and Jessica Rovello, the CEO and co-founder of interactive content company Arkadium.

Steven Li, founder of The Rising, did a swell job breaking down the benefits…

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