• Bootstrap, non-dilutive capital, capital efficient growth, profitable, M&A exit
• Bootstrap, non-dilutive capital, one (small) raise from operators/angels, capital efficient growth, profitable, M&A exit
• Bootstrap, non-dilutive capital, debt (bank, BDC or venture), capital efficient growth, profitable, private equity, M&A exit
Alternate Capital Paths
• Bootstrap, non-dilutive capital, one (small) raise from operators/angels, one VC raise, capital efficient growth, profitable, numerous options thereafter (private equity, M&A, IPO)
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