You'll never regret owning 100% of your dream.įorbes Technology Council is an invitation-only community for world-class CIOs, CTOs and technology executives. It's a big deal to go to battle in the external world and then return home to someone who doesn't believe in what you're doing.įor us, the risks were worth the rewards. ![]() But it's not just financial support - emotional support is critical, too. That's a huge advantage in practical matters like insurance. Eventually, Tonido grew into a full-fledged, enterprise-class solution we named FileCloud, a hyper-secure, compliance-friendly file sharing and sync. Of course, it helps to have a spouse or partner who works. Not everyone has the means (financial, emotional, physical) to endure startup rigors. You'll be working long hours and could be doing so for a long time - possibly without pay. Get FileCloud Community Edition Here Release Notes v 14.0 New Tonido Sync App Supports two way sync. How much are you willing to give up to see your startup succeed? Building a business is no 9-to-5. Tonido is in maintenance mode and only getting critical fixes We recommend a more powerful file sharing experience using FileCloud Community Edition. If you decide to raise money, you not only give up liquidity, but you also give up independent control on how the business will go. If you're someone who has strong ideas and has a lot to say about them, then the bootstrap approach is likely right for you. This is one of the main reasons people start their own business: They like having control and don't like being told what to do. You want to remain flexible while keeping your eye on the long-term outlook. Don't lock yourself into a particular route to success. Learn Why FileCloud Is better and Switch to the Fastest Growing Box Alternative. You should always remain attached to the idea of your end goal but not necessarily to how you get there. It's much more powerful to have five people who are committed to thinking about this business problem every day for the next five years than 10 people who are there to pick up a paycheck. Money can't compete with people who are driven to execute. Instead, you should look for people who share your vision. In these early days, you won't be able to match the salaries that larger companies offer.
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