But the percentage we're really interested in is "what percentage of tech based startups are VC vs. bootstrapped." Especially in, say, the Bay Area. I don't know what that figure is, but I'd like to know.
Not common in Silicon Valley, but much more common in the rest of the country.
There’s an archetype for bootstrapped tech businesses:
- highly vertical specific
- couple hundred million TAM
- founder started the business in their 30s and is now in their 40s
