Waiting for cash will get you nowhere. First things first, get bootstrapping
Tag Archive: Bootstrapping
Keen to bootstrap to get your business going? Look no further…
Family support and bootstrapping with a paycheck are tried-and-true methods for entrepreneurs. Don’t overlook them.
One founder offers her perspective on bootstrapping and explains why dealing with the cons may be worth the pros.
The latest edition of our Dear Abby for startup founders looks at what sort of companies should stay away from accepting VC dollars and alternatives to fund your business.
Bootstrapping your products business by offering services is a controversial move, but Sramana Mitra believes she has good evidence that it’s often a successful strategy.
Founder Institute CEO Adeo Ressi shares his thoughts on the recent changes in the funding landscape, and the risks he sees for the future.
backCode founder Sophia Viklund is on her fourth startup. Here are four things she learned along the way.
By Sophia Viklund (Founder, backCode)
I founded my first technology business in Moscow while I was in college in the mid-90s. It helped pay for my studies in London. I was studying to become a teacher, but realized all I wanted to do was to continue running my business. I was grateful to see that the outside world was very different from the small, conservative, suburban town I was from and realized that women can make it in entrepreneurship.
Seed funding in New Zealand is something that is rather illusive unless you are in Biotech or are developing something that will be used by farmers or sheep!
By Lou Donnelly-Davey (Founder & CEO, Scrattch)
I had the idea for Scrattch a year ago in the shower one morning – thinking how cool it would be to be able to create an online library full of all my favorite research. At this point, I did not know anything like this existed on the Internet. I had heard of
Bootstrapping means managing your time as closely as your money. Here’s how to do it.
By Ellie Cachette (Founder & CEO, ConsumerBell)
While venture-backed tech startups seem to get all the press, there are many, many ways to start your company.
Some entrepreneurs do it while hanging onto their day job full-time.
Some use the money they’ve saved to give themselves a defined runway (i.e., I get six months to accomplish these three things, otherwise, I move on).
Others seem to rely exclusively on hustle and luck. Here’s what I’ve learned about one of the less glamorous forms of funding:
I only wonder why it took me so long to step out of the corporate world.
By Yan Heim (Co-Founder & CEO, Froomz)
Launching Froomz hasn’t been an easy journey. In early 2011, I left behind a well-compensated senior management position with one of the largest telecom companies to pursue a dream.
Trading my high heels for bootstraps was a difficult decision, given the economic downturn and the fact that the job provided me with flexible hours while I was telecommuting most of the time.
Inertia tends to pull you back into the comfort zone. The choice became obvious when I started feeling fatigue from juggling my day job and night job with Froomz.
The app tracks your feelings over a two-week period, graphing a quantification of what you should do.
By Amy-Willard Cross (Editor, Vitamin W)
If you were wondering about keeping or tossing your boyfriend, Sarah Gray has just the app for you.
Should I Break Up With My Boyfriend is a 99 cent solution to that question. Forget quizzes or boring your friends, this app tracks your feelings over a two-week period. The result is graph which quantifies what you should do — and adds a bit of custom advice. And it’s just the first of her mobile offerings.
Gray developed the original version of the app because
I’ve decided that I will not leave my full-time job until my startup is funded.
By Brittany Haas (Founder, Happily Ever BorroWED)
As I meet with more and more potential investors, I know the first question is “Why are you raising X dollars? What does it go towards?” The underlying and sometimes second question is “What will you pay yourself?”
I was watching an episode of “Shark Tank” a few weeks ago, and one of the people pitching COULDN’T answer that question. He said “I’d be comfortable making 6 figures.” Yes – well wouldn’t we all. However, #startuplife is not about 6 figures. It’s about bootstrapping, it’s about drive, and mostly it’s about budgeting.
By Maren Kate (Founder, Zirtual)
Behind every startup, there is a string of stories. Some stories are sad, some stories are funny, and most are a mixture of both. My story started like something out of a Bukowski novel.
On a baking hot summer evening I sat straddling a bar stool, planted in front of a fan at the local dive where I tended bar. Cigarette smoke choked the air and the soft sounds of video poker chirped in celebration when someone hit a flush. Occasionally one of the gamblers, or truckers, or industry folk fresh off a 12 hour shift would holler at me to pour them another drink.
By Patricia Dao (Co-Founder, VoxBloc)
Sitting in a 200-person lecture halls in college gave me opportunities to sit in the back of class and daydream all day. Although I was an Economics major aiming to pursue a career in the corporate world of finance, I always dreamed about becoming an entrepreneur.
Ten years later, after working at corporations and startups, I’m happy to say I took the plunge and am now living out my dream.
Taking the leap of faith
My background in the music industry, combined with
By Pauline Molinari and Lynnee Jimenez (Co-Founders, Club ChicaCircle)
Late Night Launching Across the Miles
It’s midnight and we are on fire catching up on site content, product roadmaps and strategic partnership opportunities for our new site for crafty pre-teen girls and their moms. Despite a full day of other work, family priorities and limited sleep, we are finding our second wind as we see our passion come to life through our online village.
Lynnee and I are two sisters working virtually across the miles (Palo Alto and Mission Viejo, CA) despite traditional guidance to not launch with a family member. We have endured through life events, the departure of a friend / co-founder, and bootstrapping strains.
We’ve done all the “right” things needed to start a business, now only to realize how much more important it is to just move forward quickly. We’re sharing our story so you can find comfort in launching your own business without a fully funded base in place and to reinforce the importance of expanding your network.