Startup Professionals Musings

MAY 8, 2022

Most entrepreneurs struggle with many startup founders quandaries in building their business, and these key dilemmas are probably the biggest source of pain and failure for the entrepreneur lifestyle. Should you start a company solo or find co-founders to help you? The co-founder relationship dilemma.

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Founder Hockey Stick Cofounder Liquidity Event 325

Startup Professionals Musings

SEPTEMBER 17, 2021

I recently found the classic sales training book “ Bootstrap Selling The Sandler Way ,” by Bill Morrison, who has 20 years in sales leadership roles, and I was amazed at how many of his sales lessons are great lessons for new entrepreneurs as well. Customers set value based on similar products found. No pain usually means no sales.

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Sales Startup Bootstrapping Technical Review 348

NZ Entrepreneur

SEPTEMBER 28, 2023

Matt Miller, founder of BrakeAce , made a Reel for his startup that got 1M+ views in ten days. He shares his learnings for startup founders here. I can see how social management can be one person’s job, but that’s not always possible while bootstrapping. Matt Miller is the founder of BrakeAce.

Viral 102

Viral Startup Bootstrapping Algorithm 102

This is going to be BIG.

MAY 27, 2014

It was a company whose product I believed in and whose founder I liked, but a firm lobbed in a term sheet at a price 33% higher than what I had offered using a very light agreement meant for a much earlier stage company. Then, I read about the idiotic comments made by a co-founder of Rap Genius. Perhaps we all should.

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Term Sheet Founder Cofounder Software Review 143

ReadWriteStart

DECEMBER 15, 2022

It also helps bootstrap new startup businesses. For example, Lean Startup offers many benefits to emerging organizations, especially considering its focus on crafting a minimum viable product (MVP). The experience of the agency’s initial founders likely dictates early business domains to target.

Incubator 188

Incubator Startup Software Developers Software Development 188

Startup Professionals Musings

SEPTEMBER 7, 2020

Here is my perspective on the highest risk elements, from my years of working with investors and watching startups come and go: All the co-founders are first-time entrepreneurs. Products requiring changes to government regulations. These are ones you need to bootstrap, crowdfund or pitch to friends and family.

New York City 315

New York City Silicon Valley Startup Bootstrapping 315

Startup Professionals Musings

FEBRUARY 9, 2020

You need to have a technical genius on the team to get your startup product off the ground. A sales fanatic on the founder team helps to contain that risk. The combination of technical insight, founder authority, and sales experience is a hard-to-beat advantage in a competitive market. The financial suit.

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Technical Cofounder Cofounder Advisory Board Stock Options 308

ReadWriteStart

FEBRUARY 18, 2020

When starting a business, it’s typical to look for venture capital, angel investors, and even co-founders to help get the company up and running. Instead, knowing how to bootstrap your startup might be a better option. How to Bootstrap Your Startup. When launching a bootstrapped startup , you may need to get creative.

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Bootstrapping Startup Cofounder Angel Investor 145

ReadWriteStart

JUNE 1, 2020

You must have a prototype or a minimum viable product (MVP). To fund the sudden spike in production, funds will be required for additional inventory and wages. It is going to cost a lot of money just to get the initial batch of products to test the market and would definitely require external funding. Bootstrapping.

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Startup Entrepreneur Elevator Pitch Seed Stage 150

YoungUpstarts

MAY 17, 2017

[Furthermore, they] are usually small and initially financed and operated by a handful of founders or one individual.”. This definition leads us to one of the most important questions that every startup founder needs to ask: How are you going to fund the company in its initial stages? Bootstrapping or self-funding your startup.

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San Diego Venture Capital Startup Bootstrapping 138

Startup Professionals Musings

DECEMBER 15, 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. Investors like to replace Founders who don’t seem to be moving fast enough. Start with a minimum viable product (MVP), as well as a minimum viable team.

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Bootstrapping Entrepreneur Startup Burn Rate 276

VC Cafe

MAY 4, 2021

people on Twitter are asking for invites to the hottest new product, sharing their excitement (“Follow me”, “come to my session”, “I just posted”). I’ve had a chance to record a few sessions and enjoyed the simplicity of the product. Bootstrapped. Like in the early days of Web 2.0,

Audio 139

Audio Software Review Open Source Social Network 139

The Startup Magazine

NOVEMBER 28, 2018

The FUND Conference brings together over 100 startups to present their early-stage products and pitches in front of hundreds of investors and industry leaders. Describe the Balodana product/service in 10 words or less. Team Info: Founder: Dana Todd. Dana Todd, Balodana Founder. Balodana was the top vote getter!

Technical Review 153

Technical Review Software Review Illinois Due Diligence 153

View from Seed

JULY 7, 2015

I recently sat down with the remarkably thoughtful (and insanely scrappy) Patrick Campbell , co-founder and CEO of Price Intelligently. Think of their solutions as a combo MBA and VP of Product Strategy that scales. Startup Lessons You’ll Learn: What tradeoffs a bootstrapped startup’s CEO makes.

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Bootstrapping Founder Boston Cofounder 120

Startup Professionals Musings

OCTOBER 21, 2023

Even if you are bootstrapping your business, and you are the only investor, you should be asking yourself the same question. Too many founders have learned that passion and free beta products do not imply a sustainable business. Marketing is everything these days. Plan for a real revenue model.

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Business Model Customer Angel Investor Bootstrapping 273

A Smart Bear: Startups and Marketing for Geeks

APRIL 29, 2013

” Easy for them to say, but what about a bootstrapped, profit-driven business? Profit-seeking bootstrapped companies cannot afford those delusions. But a bootstrapped company’s cash-flow won’t allow it, even if the math would work in the long run. ” Here’s my way.

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Bootstrapping Affiliate Cofounder Channel 285

Startup Professionals Musings

JUNE 25, 2012

You need to explore more common and more productive approaches for getting your startup moving forward. 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. Of course, every approach has pros and cons. Friends and family.

Technical Review 257

Technical Review Bootstrapping Venture Capital Incubator 257

ReadWriteStart

AUGUST 16, 2012

The concept is hardly to news to countless startup founders who find themselves facing intense pressuresto survive and grow their companies in extraordinarily challenging conditions. Bootstrapping the Company. Bootstrapping has been our most gut-wretching choice in building our business. Ken Sundheim , KAS Placement.

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Founder Bootstrapping Startup Early Stage 152

ReadWriteStart

OCTOBER 28, 2010

Do More Faster: TechStars Lessons to Accelerate Your Startup is the new book by David Cohen , founder and CEO of TechStars, and Brad Feld , managing director of Foundry Group. Below is his chapter, Avoid Co-Founder Conflict. A perennial favorite is to decide that each founder should own an equal share. For what reasons?

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Cofounder Founder Equity Dilution 128

Duct Tape Marketing

AUGUST 23, 2023

He is the co-founder of Boast.ai, where he leveraged the Community-Led Growth model to bootstrap the company. He is also the co-founder of Traction, a community empowering over 100k innovators through connections, content, and capital. He is the co-founder of Boast.ai Then another time was when we were bootstrapping both.

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Community Kuwait Cofounder Bootstrapping 53

Startup Professionals Musings

NOVEMBER 13, 2012

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. Maybe that’s why bootstrapped startups are the norm, rather than externally funded ones. Your company has outgrown you.

Sweat Equity 239

Sweat Equity Technical Review Bootstrapping Equity 239

Eric Friedman

FEBRUARY 7, 2023

The appeal is that scaling a product to millions of users simply requires a focused team. In the fintech ecosystem, the development of a product could mean the transfer of billions of dollars per month, and consumer product creation and delivery can have an impact on a vast network. Shipping means a product worth using.

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Engineer United States Software Engineering Bootstrapping 78

Startup Professionals Musings

OCTOBER 22, 2018

Here is my perspective on the highest risk elements, from my years of working with investors and watching startups come and go: All the co-founders are first-time entrepreneurs. Products requiring changes to government regulations. These are ones you need to bootstrap, crowdfund or pitch to friends and family.

New York City 202

New York City Silicon Valley Bootstrapping Technical Review 202

Startup Professionals Musings

APRIL 14, 2014

Sponsored by VISA Business If you have a unique product or service, and you are not selling it around the world on the Internet, now is the time to start. Here are the key steps for a personal home-based business website selling your consulting service or a few products (as an alternative to eBay): Go online to reserve a website domain name.

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Startup eCommerce Hosting Bootstrapping 252

Up and Running

AUGUST 27, 2020

My co-founder Andrew and I built Canny , a SaaS tool to help businesses collect and manage customer feedback and build their product roadmap, from the ground up. Canny is 100% bootstrapped —we haven’t taken any outside funding. Here’s how we got started, and our lessons learned from growing a bootstrapped company.

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Founder Cofounder Bootstrapping Startup 120

Startup Professionals Musings

SEPTEMBER 22, 2011

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. Maybe that’s why bootstrapped startups are the norm, rather than externally funded ones. Your company has outgrown you.

Sweat Equity 255

Sweat Equity Technical Review Entrepreneur Bootstrapping 255

YoungUpstarts

OCTOBER 13, 2014

by Milysan Troche, founder of MyHauteCloset.com. All of the above costs can be completely avoided or drastically minimized by a bit of creative bootstrapping with minimal investment to launch courtesy of the world wide web. These are just several ideas to begin to set your wheels in motion to creatively source product for your store.

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eCommerce Bootstrapping Social Media Hosting 229

Startup Professionals Musings

OCTOBER 16, 2023

Most aspiring entrepreneurs understand that you can’t build a business if you won’t commit to delivering a product or service, but many are hesitant or refuse to commit to any financial forecasts. Yet every business requires revenue and volumes, as certainly as it requires a product to sell.

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Forecast Burn Rate Widget Business Plan 290

Startup Professionals Musings

JANUARY 22, 2021

Even if you are bootstrapping your business, and you are the only investor, you should be asking yourself the same question. Too many founders have learned that passion and free beta products do not imply a sustainable business. Marketing is everything these days. Plan for a real revenue model.

Business Model 414

Business Model Angel Investor Bootstrapping Revenue 414

Startup Professionals Musings

MARCH 16, 2011

You need to explore more common and more productive approaches for getting your startup moving forward. 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. Of course, every approach has pros and cons. Friends and family.

Technical Review 233

Technical Review Bootstrapping Startup Venture Capital 233

www.readwriteweb.com

OCTOBER 7, 2007

This is typically called “bootstrapping&# and it is fraught with potential pitfalls and dangers. But when done well it can really help get a company going fast, professionally and without the founders having to give up much (if any) equity - or bankrupting themselves. What is bootstrapping? Why bootstrap?

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Bootstrapping Offshore Startup EC2 41

Startup Professionals Musings

FEBRUARY 18, 2018

You need to have a technical genius on the team to get your startup product off the ground. A sales fanatic on the founder team helps to contain that risk. The combination of technical insight, founder authority, and sales experience is a hard-to-beat advantage in a competitive market. The financial suit.

Technical Cofounder 144

Technical Cofounder Cofounder Advisory Board Startup 144

Austin Startup

MARCH 22, 2021

* It’s looking equally good for the bootstrapped and indie-funded marketplaces too. However, for a first-time founder, the prospect of building a fully-functioning marketplace can feel quite daunting?—?you’re My big tip here for any new marketplace founder is to go niche. But they didn’t all start off that way.

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Software Review San Francisco Valuation Stock 100

Professor VC

MARCH 10, 2009

Bootstrapping 101. I moderated a panel discussion last night on one of my favorite topics, bootstrapping, as part of our Silicon Valley Center for Entrepreneurship Eminent Speaker Series at San Jose State. They have a standard presentation on bootstrapping, which they present around the country. ProfessorVC.

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Bootstrapping San Jose Silicon Valley Software Review 28

Austin Startup

MAY 15, 2019

And we did it by bootstrapping our company. We spent a lot of time, fine-tuning the product by listening to what our customers were saying and quickly iterating to add new features. We spent a lot of time, fine-tuning the product by listening to what our customers were saying and quickly iterating to add new features.

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Bootstrapping Silicon Valley Venture Capital Austin 48

Startup Professionals Musings

OCTOBER 19, 2015

That’s why I recommend that they find a co-founder who loves business challenges, including marketing and finance. Thus it’s a waste of time for most entrepreneurs to be looking for investors until they have a product and some customer revenue. Most founders bootstrap product development.

Technical Review 120

Technical Review Intellectual Property Cofounder Bootstrapping 120

Startup Professionals Musings

JUNE 11, 2014

You need to have a technical genius on the team to get your startup product off the ground. A sales fanatic on the founder team helps to contain that risk. The combination of technical insight, founder authority, and sales experience is a hard-to-beat advantage in a competitive market. The financial suit.

Technical Cofounder 245

Technical Cofounder Cofounder Advisory Board Startup 245