Job seekers should consider companies' funding models

When job hunting, many people consider salary, job title, and benefits. However, they often overlook the type of company they might join. Companies can be either venture-backed or bootstrapped, and this difference can impact job security and long-term growth. Jaime Minerson, an expert from Calgary, emphasizes the benefits of bootstrapped companies. These companies do not rely on outside investors, allowing them to focus on long-term growth rather than quick profits. Minerson believes this creates a better work environment and decision-making process. Employees at bootstrapped companies often feel more involved in company decisions. Minerson states that these businesses aim to create an empowering culture. Employees are given autonomy, which helps align their work with the company's goals. Another benefit of bootstrapped companies is their careful hiring process. They cannot afford mistakes when hiring, so they take their time to find the right candidates. Minerson notes this leads to a team that is not only skilled but also enjoyable to work with. However, bootstrapped companies may not suit everyone. Those seeking high-risk, high-reward opportunities might prefer venture-backed companies instead. For those valuing stability and long-term sustainability, bootstrapped firms offer an attractive option.