Remove Bootstrapping Remove Cram Down Remove Founder Remove Revenue
article thumbnail

6 Keys To Managing Funding From People Close To You

Startup Professionals Musings

The only way an entrepreneur can really dodge this issue is to totally fund the startup with personal funds (bootstrapping). That means writing down and signing the terms of the agreement, after making sure everyone understands them. Tie payments to your product or service revenue.

article thumbnail

Founders Finding Funding From Friends May Be Fools

Startup Professionals Musings

The only way an entrepreneur can really dodge this issue is to totally fund the startup with personal funds (bootstrapping). That means writing down and signing the terms of the agreement, after making sure everyone understands them. Tie payments to your product or service revenue.

Founder 254
Insiders

Sign Up for our Newsletter

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

article thumbnail

The Good The Bad And The Ugly Of Funding From Friends

Startup Professionals Musings

The only way an entrepreneur can really dodge this issue is to totally fund the startup with personal funds (bootstrapping). That means writing down and signing the terms of the agreement, after making sure everyone understands them. Tie payments to your product or service revenue.

Cram Down 148
article thumbnail

How To Take Money From Friends And Still Be Friends

Startup Professionals Musings

The only way an entrepreneur can really dodge this issue is to totally fund the startup with personal funds (bootstrapping). That means writing down and signing the terms of the agreement, after making sure everyone understands them. Tie payments to your product or service revenue.

Cram Down 120
article thumbnail

Startup Fairy Tales and Other Tall Tales That Venture Capitalists Tell

Growthink Blog

An entrepreneur starts a company in classic " bootstrap " fashion - with a combination of sweat equity and their own financial resources. With this capital, the company propels itself to $50 million+ in revenues, and to either a sale to a strategic acquirer or to an initial public offering.