Remove Bootstrapping Remove Cofounder Remove Hiring Remove Sales Cycle
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Bootstrap Mentality: Key Ingredient For Startup Success

YoungUpstarts

by Amit Damani , cofounder of Vista Rooms. Bootstrap was term coined from the computer lingo ‘booting’ which means starting a computer or starting a chain of processes which eventually starts up the operating system. Bootstrap mentality is critical for a startup to succeed, irrespective of whether it has raised funds or not.

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Lessons Learned: Validated learning about customers

Startup Lessons Learned

It should be even more important to the founders themselves, because it demonstrates that their business hypothesis is grounded in reality. These founders have not managed, to borrow a phrase from Steve Blank , to create a scalable and repeatable sales process. More on that in a moment. They are close to breakeven.

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Spolsky on Software on Both Sides of The Table

Both Sides of the Table

Blogs weren’t popularized yet so it was an oddity for me to read the founder of a software company spewing out advice. It helps with sales cycles because customers know that they can switch away if they so choose. Joel met his co-founder for Fog Creek software and learned a valuable management lesson.