Startup Professionals Musings

SEPTEMBER 26, 2010

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. Take little to no net profit. Marty Zwilling.

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Bootstrapping Merger Salary .Net 240

Startup Professionals Musings

OCTOBER 7, 2022

Angel investors will perk up if you have a prototype or a few real customers, while venture capitalists will likely choose to wait until you have achieved several million in revenue or customer count. If you have a good idea, but haven’t started yet, only friends, family and fools will likely be interested.

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Preferred Stock Exit Strategy Equity Angel Investor 304

ReadWriteStart

JUNE 29, 2020

People are trapped at home, they are not getting a salary, and they are afraid to touch another person because no one knows who is and isn’t infected with the virus. In other words, you must start bootstrapping an online startup , because the future of the global business world is online. Ways to bootstrap a startup.

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Bootstrapping Global Startup Hungary 85

Transformify

MAY 28, 2018

What we do Custom solutions for virtually everything. Hourly rate range is $15-$22 depending on skills and experience. Our clients are mostly located in North America and Europe.

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Developer North America Java Software Review 40

www.readwriteweb.com

OCTOBER 7, 2007

This is typically called “bootstrapping&# and it is fraught with potential pitfalls and dangers. What is bootstrapping? So, what does it mean to bootstrap a company? Bootstrapping involves launching a business on a low budget. Why bootstrap? Either way, bootstrapping is a viable model.

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Startup Professionals Musings

JANUARY 4, 2020

Angel investors will perk up if you have a prototype or a few real customers, while venture capitalists will likely choose to wait until you have achieved several million in revenue or customer count. If you have a good idea, but haven’t started yet, only friends, family and fools will likely be interested.

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Startup Preferred Stock Exit Strategy Equity 337

YoungUpstarts

DECEMBER 19, 2013

Castrina, author of “ 8 Unbreakable Rules For Business Start-Up Success “ If you’re bootstrapping your own business, you know all about doing more with less. And that’s too bad, because ‘cheapness’ can hurt the value of your product or service, or the efficiency of your business, both of which will drive customers away.

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Bootstrapping Employee Small Business Salary 209

Startup Professionals Musings

NOVEMBER 29, 2019

In the real world, evidence indicate the vast majority of new ventures are self-funded, or bootstrapped. Also evaluate the values of desired customers. The right reason would be to bring value to customers, with a strong conviction that you are uniquely qualified to make it happen. Non-profits rely on philanthropists and donors.

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Intellectual Property Entrepreneur Bootstrapping Salary 317

Up and Running

AUGUST 11, 2015

How ironic that it seems like more than 90 percent of the online information on startups is about getting financed—but more than 90 percent of startups are bootstrapped. What does bootstrapping mean? ” See Also Should I Borrow Money, Seek Investment, or Bootstrap My Business? The bootstrapping founder takes all the risk.

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Bootstrapping Startup Angel Investor Small Business Administration 60

The Next Web

NOVEMBER 20, 2014

My startup, BizeeBee, had run out of capital – and even though we were making money, it was just not enough to cover everyone’s salaries. I decided to keep it running, because I kept seeing the signs of more customers. I had to make a tough call: shut it down, get acqui-hired or keep it running. This story continues at The Next Web.

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Bootstrapping Salary Web Software 154

Startup Professionals Musings

APRIL 23, 2013

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. Take little to no net profit. Marty Zwilling.

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Equity Bootstrapping Startup Merger 241

crowdSPRING Blog

APRIL 25, 2014

The Ultimate List of Customer Development Questions – crowdspring.co/1nHT6tS. Salaries Startup Founders Pay Themselves | Business Insider – crowdspring.co/1nHU2OK. The Ultimate List of Customer Development Questions – crowdspring.co/1nHT6tS. A 3-Day Weekend…Every Weekend? 1ijEY9t.

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Social Media Small Business Design Media 92

Up and Running

MARCH 8, 2016

According to data from PayScale’s salary questionnaire, house cleaners, nationwide, earned an average of $15.09 It will help you find customers, and craft the right marketing messages so that they choose you! You’ve spoken to your customers. Let’s review them: Bootstrap your business with a side business.

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SBA Technical Review Software Review Business Plan 60

YoungUpstarts

FEBRUARY 17, 2016

Image credit: Bootstrapping from Shutterstock. One of the earliest and most critical decisions an entrepreneur must make is whether to self-fund a startup by bootstrapping, or raise outside funding through venture capital.” – Forbes. Bootstrapped businesses work best when created on the side, on nights and weekends. Market Need.

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Startup Professionals Musings

SEPTEMBER 5, 2016

The media tends to highlight experienced entrepreneurs who succeed with early new venture funding, like Uber’s Garrett Camp , but fail to point out the more common bootstrapping successes. Keep your focus on customers rather than investors. Bootstrapping doesn’t mean that you don’t share equity.

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Startup Professionals Musings

NOVEMBER 9, 2015

Bootstrapping not only reduces cash needs, but increases commitment. Salaried staff will never have the commitment of co-founders that depend on the success of the startup. Hitting a broad market initially with multiple fully-featured products and a huge marketing campaign is a recipe for disaster that bootstrapped startups never try.

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Bootstrapping Cofounder Equity Agile 120

David Teten

AUGUST 19, 2019

Our wheelhouse is bootstrapped (or lightly capitalized) SMB SaaS. At least 12 months of customer history, generally 20+ enterprise customers or 200+ SMB customers. Founder Earnings = Net Income + any amount of founders’ salaries over a certain threshold. Bigfoot Capital. ARR of $500K+. Capital need of up to $1.5M

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Revenue Technical Review Software Review Equity 60

YoungUpstarts

AUGUST 25, 2016

Having these estimates in hand will help you decide if you can bootstrap your business or if you will need to raise funding. How many customers are there? How much product will each customer buy? Calculate revenue by estimating monthly sales (customers x units x price). Calculate revenue per quarter and revenue per year.

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Bootstrapping LLC Equity Revenue 100

Both Sides of the Table

FEBRUARY 20, 2012

She drove her company to profitability before paying herself a modest salary. By the time we had met Tracy she was running a profitable business, was paying herself a salary and was on the verge of launching her second (related) Internet business called Style Trader (more on that in a minute). She focused on her customer.

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Silicon Valley Cofounder Entrepreneur Startup 363

Startup Professionals Musings

JUNE 18, 2012

Now you can get a product built in China almost overnight with minimal up-front cost, with delayed payment based on first-customer order commitments. As a rule of thumb, you should double every employee’s salary in estimating employee costs, so less is more. Wages and benefits. Of course, a word of caution is also in order here.

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Cost Burn Rate SEM Startup 255

YoungUpstarts

OCTOBER 24, 2018

To get the full scoop on all of the above, you may need to purchase some product demos or go through a trial to get a true 360-degree experience of your competitors and target customers alike. Unless you have some serious startup capital, chances are you’re going to want to bootstrap as much as you possibly can. Figure Out Your Budget.

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Intellectual Property Due Diligence Startup Social Media 124

Startup Professionals Musings

MARCH 7, 2015

Angel investors will perk up if you have a prototype or a few real customers, while venture capitalists will likely choose to wait until you have achieved several million in revenue or customer count. If you have a good idea, but haven’t started yet, only friends, family and fools will likely be interested.

Preferred Stock 120

Preferred Stock Exit Strategy Equity Angel Investor 120

Startup Professionals Musings

FEBRUARY 15, 2011

Now you can get a product built in China almost overnight with minimal up-front cost, with delayed payment based on first-customer order commitments. As a rule of thumb, you should double every employee’s salary in estimating employee costs, so less is more. Wages and benefits. Of course, a word of caution is also in order here.

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Entrepreneur Burn Rate SEM Social Network 235

Up and Running

JULY 23, 2018

Since the company was bootstrapped, they spent frugally, lived without any salary for months, and worked hard to make it a success. Break-even points are important —that’s when most business owners start picking a salary or the company starts seeing positive cash flow. And this is not the only example.

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Salary San Francisco India Bootstrapping 72

Hearpreneur

DECEMBER 25, 2022

all make sense when we provide our customers with an enjoyable experience through paint by numbers canvases and when I can financially support my family. For us, staying motivated comes from a creative spark, a passion for our industry, and a drive to craft unique, custom designs that truly stand out. 5- From a creative spark.

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Entrepreneur Technical Review Bootstrapping Community 116

A Smart Bear: Startups and Marketing for Geeks

FEBRUARY 28, 2011

Of course you expect these moments to happen at the beginning of startup life — when you’re least confident, have the worst product, and the least knowledge about your customers and the market. It’s still there three years in, despite real revenue, profitability, customers arriving everyday, and a great team.

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Bootstrapping Sales Texas Salary 312

Gust

JUNE 10, 2012

Now you can get a product built in China almost overnight with minimal up-front cost, with delayed payment based on first-customer order commitments. As a rule of thumb, you should double every employee’s salary in estimating employee costs, so less is more. Wages and benefits. Of course, a word of caution is also in order here.

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Cost Burn Rate SEM Startup 139

VC Cafe

OCTOBER 16, 2010

Tender – customer support. uservoice – customer feedback. link] – proactive customer chat. How do bootstrapped companies hire talent? Short answer: we posted in Craigslist for “Founding Engineers&# when we were starting and couldn’t pay salaries. Github – version control.

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Option Pool Analytics LLC Startup 88

Startup Professionals Musings

FEBRUARY 13, 2010

Now you can get a product built in China almost overnight with minimal up-front cost, with delayed payment based on first-customer order commitments. As a rule of thumb, you should double every employee’s salary in estimating employee costs, so less is more. With the down economy, manufacturers everywhere are negotiating great deals.

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Burn Rate SEM Social Network Angel Investor 125

David Teten

JANUARY 21, 2021

—– Earnest Capital invests in bootstrapped companies to help them unlock more growth. All Earnest investments are made using the Shared Earnings Agreement (SEAL) – a custom salary/profit share structure, aligned with how most bootstrapped founders are compensated.

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Equity Revenue Cofounder Colorado 78

Babbling VC

FEBRUARY 25, 2013

He has been bootstrapping his startup for some time and wanted my advice. Are any of your customers willing to pay you up front for product or services delivered at a later date? Can your employees go any longer without salary? I had a fairly short conversation today with an entrepreneur friend. How much burn do you have left?

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Bootstrapping Early Stage Salary Finance 78

ReadWriteStart

SEPTEMBER 30, 2010

To replace them, employers spend $11,500 average per healthcare employee acquisition cost (20% of the annualized salary plus hiring incentives is considered customary for acquisition cost). Detailed segmentation analysis and target customer definition at a fairly granular level. A customer acquisition strategy that is pragmatic, and.

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India Silicon Valley Incubator Bootstrapping 115

A Smart Bear: Startups and Marketing for Geeks

APRIL 25, 2011

None of their customers used Macs, so they didn’t think Macs were important, but then it turns out the main investor is keen on seeing the demo on a Mac, and when they tried it, it didn’t work. One day I got a call from some poor schleps I didn’t want to help. Should we take on those clients?

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Java Software Review Technical Review Salary 311

Bryce Dot VC

FEBRUARY 9, 2016

When we were asked early one how we would measure whether we were on to something our answer was getting half of the companies to market salary profitable. The remaining time is a combination of office hours with local practitioners and talks from bootstrapped or relevant founders. We’re not there yet, but can see a path to it.

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Los Angeles LP Bootstrapping Revenue 40

A Smart Bear: Startups and Marketing for Geeks

MARCH 11, 2014

Listen to this episode if you want to hear about a founder who has a product and users and paying customers … and is trying to figure out how to take his company to the next level and grow faster. Jason: So how many of those 20,000 people are paying customers? Edwin: Okay, I have different types of customers.

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Technical Cofounder Cofounder Software Review Management 220

ConversionXL

NOVEMBER 6, 2019

Then we ship it to customers way before it’s ready. We didn’t spend any real cash prior to getting our first paying customer,” recounts Arsenault. “I’ll Doctor says the company had its first customer on the Monday after their MVP was released. They landed their first customer the following March. Qualified.io

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Sweat Equity Software Review Vesting Cofounder 78

venturebeat.com

MARCH 8, 2011

For example, you know that to avoid social media shitstorms you’re supposed to have stupendous customer service , so you claim as much on your website. In fact, any bootstrapped company should be aiming for slow, consistent growth rather than explosive growth. This is not a bad thing. This clause is fair. A couple thoughts: 1.

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Software Review Startup Technical Review Mobile 41