The tech world (and tech press) often focus on the Silicon Valley-centric world of huge VC-backed startups. And there is a good reason for that — a lot of those kinds of companies do interesting, innovative things. But as Farhad Manjoo recently wrote in The New York Times, there is another, often less reported, less traditional, and less glamourous way to build a business.
In his story on Mailchimp, Manjoo writes:
“In fact, it’s possible to create a huge tech company without taking venture capital, and without spending far beyond your means. It’s possible, in other words, to start a tech company that runs more like a normal business than a debt-fueled rocket ship careening out of control. Believe it or not, start-ups don’t even have to be headquartered in San Francisco or Silicon Valley.”