Remove Bootstrapping Remove Burn Rate Remove Entrepreneur Remove Partner
article thumbnail

7 Scenarios Where A Business Plan Is Still An Asset

Startup Professionals Musings

As a startup mentor and investor, I am approached regularly by aspiring entrepreneurs who assert that business plans take too much time, are inaccurate, and rarely add value. Most of these scenarios involve attracting outside investors, strategic partners, or key team members: You are the team and you don’t need outside funding.

article thumbnail

10 Incentives For Entrepreneurs To Bootstrap Their Startup

Startup Professionals Musings

Based on the Startup Environment Index from the Kauffman Foundation and LegalZoom a while back, personal money, or bootstrapping, continues to be the primary startup funding source. Eighty percent of new entrepreneurs use this approach, with only six percent using investor funding. Entrepreneurs need to start small and pivot quickly.

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

A Perspective On When A Business Plan Adds Value

Startup Professionals Musings

As a startup mentor and investor, I am approached regularly by aspiring entrepreneurs who assert that business plans are a waste of time. They cite sources like the BusinessWeek story, “ Real Entrepreneurs Don’t Write Business Plans ” and this Forbes article. You need an investor, and want to solicit professionals online.

article thumbnail

10 Incentives For Entrepreneurs To Bootstrap Their Startup

Gust

Based on the Startup Environment Index from the Kauffman Foundation and LegalZoom a while back, personal money, or bootstrapping, continues to be the primary startup funding source. Eighty percent of new entrepreneurs use this approach, with only six percent using investor funding. Entrepreneurs need to start small and pivot quickly.

article thumbnail

ProfessorVC: Bootstrapping 101

Professor VC

Bootstrapping 101. I moderated a panel discussion last night on one of my favorite topics, bootstrapping, as part of our Silicon Valley Center for Entrepreneurship Eminent Speaker Series at San Jose State. They have a standard presentation on bootstrapping, which they present around the country. ProfessorVC. Steve Bennet.

article thumbnail

Dragons, Bootstrapping and Women in Tech

Up and Running

What about bootstrapping? Nelson has some tips: Know your burn rate. Nelson encourages up and coming entrepreneurs to get out to industry events, and strategically plan who they want to connect with. Partner well. Five useful tools and an entrepreneur’s workspace. ” Nelson says.

article thumbnail

Starting Startups - Startups and angels: Along the way to success

Tim Keane

  He is a partner in a pretty much exclusively software seed stage fund, Y Combinator that you can read more about.    A low burn rate is a pearl of great price.    It provides lots of options that high burn rates take away.    A low burn rate is a pearl of great price.