One of the first questions people ask me when I talk about SyncPad is “did you guys raise money?” Now, while I’m not against raising money at the right time if needed, I find it sad that there’s a constant association between building a startup and raising VC/angel money. The beauty of today’s technologies is that you can build a profitable product with very little money. Thanks to things like cloud computing, low bandwidth costs, tons of freely available knowledge, people can build businesses investing just time and few thousands dollars. You don’t even have to quit your job to start a business if you don’t have savings/credit and you are really passionate about what your are building.
I found this video on the Kauffman Foundation website, and I found it very interesting. I highly recommend watching it.