In response to Hillel’s definition of “lifestyle business”:
Twitter friendly version:
- Lifestyle businesses is a derogatory term invented by VCs to dissuade entrepreneurs from bootstrapping.
Twitter unfriendly version:
- Lifestyle businesses is a derogatory term created by venture capitalists (VCs) to dissuade potential entrepreneurs from funding their business by using their own money. As these entrepreneurs are likely to be highly-proficient technologists that kickstart their ventures by working in their spare time and using their dayjob’s salary for their initial funding, VCs may experience brain drain if a critical mass of technologists follow this route.