Startup Professionals Musings

OCTOBER 7, 2022

Professional investors expect to see your top three use of funds categories, and how these relate to scaling the business, rather than initial development. Ancillary objectives, like retiring existing debt, buying a building or paying salaries to people with equity ownership will not get traction.

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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

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

Professional investors expect to see your top three use of funds categories, and how these relate to scaling the business, rather than initial development. Ancillary objectives, like retiring existing debt, buying a building or paying salaries to people with equity ownership will not get traction.

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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. Yes, some low-skill positions can be filled by just about anyone and shouldn’t come with a high salary. Quality employees can make or break your company.

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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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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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Up and Running

MARCH 8, 2016

In this guide, you’ll get a better sense of the industry, what skills you should develop in order to be successful in it, and how to go about starting your own operation. According to data from PayScale’s salary questionnaire, house cleaners, nationwide, earned an average of $15.09 per hour for pay. An eye for detail.

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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. Bootstrapping doesn’t mean that you don’t share equity. Don’t let early funding increase risk and dilute your potential.

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Startup Professionals Musings

NOVEMBER 9, 2015

Bootstrapping not only reduces cash needs, but increases commitment. You don’t want to risk your own money on development. Salaried staff will never have the commitment of co-founders that depend on the success of the startup. They forget that the product or service makes the brand, not the environment.

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David Teten

AUGUST 19, 2019

We have a special program if you are pre-seed and need product development. Our wheelhouse is bootstrapped (or lightly capitalized) SMB SaaS. We have developed a proprietary machine learning algorithm that assesses the risk and return profile of the business and determines whether to invest in the business. Bigfoot Capital.

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Revenue Technical Review Software Review Equity 60

ReadWriteStart

OCTOBER 28, 2010

Under what circumstances will someone decide that they just can't commit to the business full time anymore; for example, if the founders have to go without a salary for six months. At a minimum, all founders should be willing to assign whatever they develop to the company. Will the company be self-funded and bootstrapped?

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The Startup Toolkit

AUGUST 29, 2012

I think it’s acceptable (but far from ideal) if you plan to bootstrap or self-finance the entire company until it’s profitable. You need to find someone willing to put in sweat equity, or to at least join as a full-on part of the team with a bit of a salary and a bit of an equity stake. Idea + product - team = Nothing.

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Sweat Equity Bootstrapping Equity Salary 45

YoungUpstarts

AUGUST 25, 2016

Recognizing this challenge, we developed a short list of pre-launch steps designed to increase your probability of startup success. The steps focus you on developing your business model. Having these estimates in hand will help you decide if you can bootstrap your business or if you will need to raise funding.

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Startup Professionals Musings

JUNE 18, 2012

Now, with open source software components, and low-cost development tools, the same job can be done by one good hacker for a few thousand dollars. As a rule of thumb, you should double every employee’s salary in estimating employee costs, so less is more. Best of all, it’s even considered “ultra-cool” these days to be a lean startup.

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YoungUpstarts

OCTOBER 24, 2018

Unless you have some serious startup capital, chances are you’re going to want to bootstrap as much as you possibly can. If you’re working among friends and former colleagues, you have the luxury of paying yourself a reasonable salary and putting in the initial hours to get yourself off the ground. Figure Out Your Budget.

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Intellectual Property Due Diligence Startup Social Media 124

YoungUpstarts

NOVEMBER 6, 2017

Avoid the bootstrap trap. Commit to finding the resources to get the help you need, so you can quit your day job, pay yourself a salary, and give your business a chance to thrive. She runs her own firm and is president of Community Ventures, a nonprofit dedicated to community economic and social development.

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Startup Professionals Musings

SEPTEMBER 7, 2015

Most have developed their own financial “rules of thumb” that will help them decide if your startup is fundable, in conjunction with their assessments of your team and your basic business concept. They haven’t yet faced the realities of new employee benefits, escalating salaries and the true overhead of scaling the business.

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Startup Professionals Musings

FEBRUARY 15, 2011

Now, with open source software components, and low-cost development tools, the same job can be done by one good hacker for a few thousand dollars. As a rule of thumb, you should double every employee’s salary in estimating employee costs, so less is more. Best of all, it’s even considered “ultra-cool” these days to be a lean startup.

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Startup Professionals Musings

MARCH 7, 2015

Professional investors expect to see your top three use of funds categories, and how these relate to scaling the business, rather than initial development. Ancillary objectives, like retiring existing debt, buying a building or paying salaries to people with equity ownership will not get traction.

Preferred Stock 120

Preferred Stock Exit Strategy Equity Angel Investor 120

The Entrepreneurial Mind

AUGUST 16, 2011

Bootstrapping is the name of the game for most startups. A bootstrapped startup also allows the entrepreneur to determine what the market really wants without having to lock in specific long-term expenses tied to a specific business model. In the bootstrap world you fight to survive. You watch every dollar very closely.

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YoungUpstarts

JULY 25, 2016

Others completely bootstrap their businesses without borrowing a cent. You can develop better financial habits, such as paying all your bills on time, to increase your credit score. There are both startup costs, such as getting requisite licenses and supplies, and operating costs, such as inventory and employee salaries.

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Gust

JUNE 10, 2012

Now, with open source software components, and low-cost development tools, the same job can be done by one good hacker for a few thousand dollars. As a rule of thumb, you should double every employee’s salary in estimating employee costs, so less is more. Best of all, it’s even considered “ultra-cool” these days to be a lean startup.

Cost 139

Cost Burn Rate SEM Startup 139

Hearpreneur

DECEMBER 25, 2022

I know that people have different stories and reasons why they need a job and of course the salary that comes with it. 23- Bootstrapping the business. As a bootstrapped company, there's a real sense of reward knowing that we're doing what's best for our customers instead of what's in the best interest of investors.

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Entrepreneur Technical Review Bootstrapping Community 121

Startup Professionals Musings

FEBRUARY 13, 2010

Now, with open source software components, and low-cost development tools, the same job can be done by one good hacker for a few thousand dollars. As a rule of thumb, you should double every employee’s salary in estimating employee costs, so less is more. Of course, a word of caution is also in order here.

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Burn Rate SEM Social Network Angel Investor 125

A Smart Bear: Startups and Marketing for Geeks

APRIL 25, 2011

In the mid 90s it was clear that Apple had lost the personal computer battle and all their developers were fleeing like rats off a sinking ship into the ocean of opportunity that was Windows 95. “Yes&# if it completely funds development we’d like to do anyway. I could have said “no.&#

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Java Software Review Technical Review Salary 311

viniciusvacanti.com

SEPTEMBER 7, 2010

I currently just started a tech blog to cover under the radar, bootstrapped startups and this is great advice for the startups I cover and my readers. I plan on bootstrapping my upcoming startup. Vinicius Vacanti It's so much easier to communicate with developers when you have an understanding of the technology.

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Cofounder Technical Cofounder Founder Ruby 43

venturebeat.com

MARCH 8, 2011

You can’t afford to hire three developers to add features and bugs. In fact, any bootstrapped company should be aiming for slow, consistent growth rather than explosive growth. He was also a founding member of ITWatchdogs, another bootstrapped startup which became profitable and was sold, and is a mentor at Capital Factory.

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Software Review Startup Technical Review Mobile 41

Up and Running

FEBRUARY 9, 2015

She’s a seasoned entrepreneur, a professional speaker and small business coach, and she develops audio video and written content to fulfill her mission to end small business failure. Now the second thing that I’m going to teach you about the Emerson Planning System is that you’ve got to develop a financial plan.

Social Media 60

Social Media Small Business Software Review Technical Review 60

ConversionXL

NOVEMBER 6, 2019

Now, the fully bootstrapped company is turning 60% of its demos into paid customers and hitting $2.5 That same year, I started a web development and CRO-focused design agency. In 2013, we stopped doing all web development work and focused 100% on conversion optimization.”. They landed their first customer the following March.

Sweat Equity 78

Sweat Equity Software Review Vesting Cofounder 78

grasshopper.com

SEPTEMBER 24, 2011

Equity-based pay is often used by the founders of young start-ups who want to grow their businesses but cannot offer big salaries to qualified professionals. Funded companies are typically a safer bet than bootstrapped ventures for two important reasons. In this scenario, your expected salary is reduced and augmented with equity.

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Equity Vesting Sweat Equity Salary 41

The Next Web

OCTOBER 3, 2012

In early 2011, I wrote a post, Startups: Not for the faint of heart , that discussed Parse.ly’s survival through a one-year bootstrapping period after Dreamit Ventures Philly ’09. No Bootstrapping Plan : Many startups that come out of an accelerator program (such as YCombinator, Dreamit, or TechStars) simply do not get funding.

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Cofounder Technical Cofounder Technical Review Software Review 155

A Smart Bear: Startups and Marketing for Geeks

MARCH 11, 2014

We started with the product about three years ago, development, a year later we released it. They have many, many man-years of development and customer development in them. You have your general management meeting and in your general management meeting you talk about product development, about marketing and about finance.

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Technical Cofounder Cofounder Software Review Management 220

The Next Web

OCTOBER 28, 2012

This is what is called “bootstrapping,” though my friends on the Young Entrepreneur Council have always said that it’s really more like shoe-strapping — boots are too expensive. To pull yourself up by your bootstraps was originally said ironically, as a means to convey that the task necessary was impossible to perform.

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Bootstrapping Washington Early Stage Campaign 130

Startup Professionals Musings

MARCH 13, 2020

Even if you are bootstrapping the business, and not looking for outside investors, the “rules of thumb” that smart investors look for should be the same ones that you use to assess your own risks and set reasonable expectations for progress and success. Define an exit strategy for investors to liquidate their share.

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Liquidity Event Forecast Exit Strategy Bootstrapping 308

ConversionXL

NOVEMBER 6, 2019

Now, the fully bootstrapped company is turning 60% of its demos into paid customers and hitting $2.5 That same year, I started a web development and CRO-focused design agency. In 2013, we stopped doing all web development work and focused 100% on conversion optimization.”. They landed their first customer the following March.

Sweat Equity 50

Sweat Equity Software Review Vesting Cofounder 50

A Smart Bear: Startups and Marketing for Geeks

JULY 24, 2012

I’m in development right now. I bootstrapped it on my own. In fact, we were cash flow positive, including everyone’s salaries and everything in seven months. You’ve bootstrapped a company, so you can see all those things, and you’re skeptical of the VC side. We’re building a product.

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Silicon Valley Software Review Internet Technical Review 204