Gust
DECEMBER 15, 2013
There is so much written these days about how to attract investors that most entrepreneurs “assume” they need funding, and don’t even consider a plan for “bootstrapping,” or self-financing their startup. When you have invented a new technology, you need expensive models and testing, including samples for potential customers.
Gust
OCTOBER 26, 2014
When someone asks me for the best way to fund a startup, I always say bootstrap it, meaning fund it yourself and grow organically. Bootstrapping avoids all the cost, pain, and distractions of finding angels or VCs, and allows you to keep control and all your hard-earned equity for yourself. Image via Flickr from Food For Thought album.
This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.
Gust
DECEMBER 7, 2014
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. At least wait until later, when you ready to scale, and have some “leverage” based on a proven business model, some real customers, and real revenue.
Gust
JUNE 17, 2012
For example, with any outside investment, you give up some ownership and control, and with bootstrapping your growth curve will likely be longer and more organic. Following is my prioritized larger list of sources, with some “rules of thumb” which may save you a lot of time and energy: Bootstrapping. Commit to a major customer.
Gust
APRIL 27, 2014
Unless you are bootstrapping everything, you need to have a clear plan on what networking and documents are required to get to friends and family, Angel investors, and institutional investors. Customer service and support. If you are contracting or outsourcing, this is even more important. Funding process.
Gust
JUNE 19, 2012
For example, with any outside investment, you give up some ownership and control, and with bootstrapping your growth curve will likely be longer and more organic. Second best are letters from future customers promising future business. . Of course, every approach has pros and cons. June 17th, 2012. Power Pitches. ’ Please.
Gust
JUNE 15, 2014
Customer expectations these days can be unreasonable.”. If you as the entrepreneur are willing to embrace accountability, here is how these same statements should come out: “My idea is so big, I will bootstrap the business myself if I have to.”. Exceeding customer expectations is my competitive advantage.”.
Expert insights. Personalized for you.
183 
Let's personalize your content