crowdSPRING Blog

DECEMBER 7, 2012

Attention founders: Here’s how you respond to an unfair post about your company - [link]. Questions to Ask Potential Cofounders: The Master List | Founder Dating - [link]. The Series A Crunch: One More Reason to Bootstrap and Skip Venture Capital | Enterprise Irregulars - [link]. What Makes People Happy?

Social Media 104

Social Media Small Business Design Media 104

David Teten

JANUARY 21, 2021

(co-written with Jamie Finney, Founding Partner at Greater Colorado Venture Fund. This essay is part of a series on alternative VC: I: Revenue-Based Investing: a new option for founders who care about control. II: Who are the major Revenue-Based Investing VCs? IV: Should your new VC fund use Revenue-Based Investing?

Equity 78

Equity Revenue Cofounder Colorado 78

Startup Lessons Learned

APRIL 14, 2009

Lessons Learned by Eric Ries Tuesday, April 14, 2009 Validated learning about customers Would you rather have $30,000 or $1 million in revenues for your startup? All things being equal, of course, you’d rather have more revenue rather than less. And yet revenue alone is not a sufficient goal. More on that in a moment.

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San Francisco Customer Lean Hockey Stick 167

David Teten

AUGUST 19, 2019

So you’re interested in raising capital from a Revenue-Based Investor VC. A new wave of Revenue-Based Investors (“RBI”) are emerging. For background, see Revenue-Based Investing: A New Option for Founders who Care About Control. Our wheelhouse is bootstrapped (or lightly capitalized) SMB SaaS. Bigfoot Capital.

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Revenue Technical Review Software Review Equity 60

ReadWriteStart

MAY 30, 2022

While investors can seem like a solution to countless problems you encounter as a founder, don’t be too hasty to start eating from their hands. In this article, you’ll learn how bootstrapping makes you a better business – a leaner, smarter, more agile company that can roll with the punches. You might even ask for it.

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Bootstrapping Startup Equity Silicon Valley 147

ConversionXL

NOVEMBER 6, 2019

For this article, we asked 14 SaaS CEOs a simple question: “How much did you spend on your MVP before you had your first dollar of revenue?”. Mike Arsenault and his two co-founders—all with technical backgrounds—built their MVP while working full time for other SaaS companies. million in revenue a year. . Qualified.io

Sweat Equity 78

Sweat Equity Software Review Vesting Cofounder 78

A Smart Bear: Startups and Marketing for Geeks

NOVEMBER 21, 2011

How cofounders can collaborate without going crazy. We would rather chase revenue. It’s frustrating to be constantly confronted by this idea that we have to be chasing funding options instead of chasing revenue. The other is, ‘Don’t forget about bootstrapping.’ Of course you should chase revenue.

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Widget Cofounder Technical Review Software Review 204

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.

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Technical Review Intellectual Property Cofounder Bootstrapping 120

A Smart Bear: Startups and Marketing for Geeks

APRIL 29, 2013

” Easy for them to say, but what about a bootstrapped, profit-driven business? But since you don’t, in my experience (and in a non-scientific survey of some of the 100 startups currently officing at the fabulously Capital Factory co-working space in Austin), a good pre-data rule of thumb is 20 months.

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Bootstrapping Affiliate Cofounder Channel 285

YoungUpstarts

AUGUST 16, 2016

by Evan Varsamis, Founder/CEO at Gadget Flow Inc. Myself and my co-founders were just a bunch of young upstarts with a big idea. It was a way for us to stay creative and it also brought in some revenue. The capital earned in the agency was used to bootstrap the progression of the key business we wanted to launch.

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Greece United Kingdom Ukraine Philippines 100

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

ReadWriteStart

MARCH 17, 2011

Entrepreneurs from Latin and Central America were given first priority to pitch their businesses at today's roundtable co-hosted by Innova Tiquicia and Startup Weekend Costa Rica. He needs to bootstrap it to a certain level, and following the 1M/1M methodology would be a good start. You can register for the next roundtable here.

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Costa Rica America Silicon Valley Entrepreneur 114

David Teten

AUGUST 19, 2019

A new wave of Revenue-Based Investors are emerging who are using creative investing structures with some of the upside of traditional VC, but some of the downside protection of debt. I believe that Revenue-Based Investing (“RBI”) VCs are on the forefront of what will become a major segment of the venture ecosystem.

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Revenue Term Sheet Founder Technical Review 60

Hunter Walker

AUGUST 26, 2024

HW: You’ve been a startup founder as well as an executive at larger tech companies. Even more important, the hiring manager and the founder/CEO should ideally be aware of the implications of having an employee base where a large number of people have never been through the experience of being in a startup.

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Puerto Rico Hiring Founder Cofounder 131

Hearpreneur

AUGUST 11, 2021

With a simple 30 second video posted on social media, business owners have the opportunity to build major traffic and revenue from their sites. 17- Saturated with bootstrapped businesses. More entrepreneurs will therefore have to bootstrap their business. Thanks to Nick Chernets, Data for SEO ! #17- Photo Credit: Mike Skoropad.

Entrepreneur 127

Entrepreneur Technical Review Social Media Bootstrapping 127

Austin Startup

NOVEMBER 25, 2018

Although bootstrapping is still an approach in Austin, a lot has changed since I wrote my original challenge to the Bootstrap Austin group back in 2005. Bootstrap Austin, started by Bijoy Goswami. The original Bootstrap Austin was truly special and Bijoy did an amazing job bringing together some terrific entrepreneurs.

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Bootstrapping Austin Equity Cofounder 48

Up and Running

MAY 15, 2019

Word of mouth is no substitute for market research , says Ben Price, co-founder of Hard Knocks Brewing, a small brewpub in its second year of operation. Co-founders Jamie Floyd and Nikos Ridge leased their startup system from a family running a German restaurant out of a former brewpub. Metrics: Know your numbers.

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Oregon Jordan Software Review Distribution 24

ConversionXL

NOVEMBER 6, 2019

For this article, we asked 14 SaaS CEOs a simple question: “How much did you spend on your MVP before you had your first dollar of revenue?”. Mike Arsenault and his two co-founders—all with technical backgrounds—built their MVP while working full time for other SaaS companies. million in revenue a year. . Qualified.io

Sweat Equity 50

Sweat Equity Software Review Vesting Cofounder 50

YoungUpstarts

MAY 6, 2019

According to Lee M Von Kraus, PHD and a mentor at Clarity.fm, “Early stage startups are usually pre-money startup that are bootstrapping the early development of a product.”. You are looking for cofounders that can help you build a product. You have finally found a cofounder that can take care of the startup. Commitment.

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Startup Technical Cofounder Merger Early Stage 113

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 This is John Jansen.

Community 68

Community Kuwait Cofounder Bootstrapping 68

Up and Running

MAY 23, 2016

In fact, SaaS industry revenue is projected to grow from $49 billion in 2015 to $67 billion in 2018, a compound annual growth rate of approximately eight percent. We created UpKeep to fill this void—a cloud-based solution that was affordable for any size business.” – Ryan Chan, founder of UpKeep.

Software Review 74

Software Review Software Delaware Forecast 74

Sophia Perl of Wisdom

NOVEMBER 9, 2010

Some of the finalists were generating revenues already and/or have very promising strategic partnerships lined up. A lot of entrepreneurs attended the event as evident by business cards with “Founder&# listed. Presenters: Sarah Allen (Co-Founder & CTO, Mightyverse) and Paul Lundahl (Creative Director, Mightyverse).

CTO Hire 49

CTO Hire Cofounder Fractional CTO San Francisco 49

Up and Running

JULY 10, 2017

I talked to Adam Hempenstall, founder and CEO at BetterProposals , who has been using freemium for three years for his SaaS product: “Honestly, I think it was a mistake. Solving the equation of value and revenue for your SaaS product is not easy. Some companies go even further, requesting an upfront payment at their beta stage.

Startup 110

Startup Non-Compete Viral Software Review 110

Up and Running

JUNE 4, 2018

It’s easier to bootstrap. Bootstrapping your business , which involves self-funding everything as you go along, without resorting to raising money from anywhere else, keeps you in complete control of your company. These include: 1. Michael Dell was loaned money by his family. You can leverage your student network.

Bootstrapping 66

Bootstrapping Colorado Internet Software Review 66

Startup Lessons Learned

JUNE 5, 2009

And so the spreadsheet is built with conservative assumptions, including a final revenue target. No matter how low we make the revenue projections for this new product, it’s extremely unlikely that they are achievable. In a startup context, numbers like gross revenue are actually vanity metrics, not actionable metrics.

San Francisco 102

San Francisco Lean Continuous Deployment Startup 102

Sophia Perl of Wisdom

NOVEMBER 9, 2010

Some of the finalists were generating revenues already and/or have very promising strategic partnerships lined up. A lot of entrepreneurs attended the event as evident by business cards with “Founder&# listed. Presenters: Sarah Allen (Co-Founder & CTO, Mightyverse) and Paul Lundahl (Creative Director, Mightyverse).

CTO Hire 40

CTO Hire Cofounder Fractional CTO San Francisco 40

Hearpreneur

JUNE 14, 2017

We’ve continued bootstrapping since then — today we are a $2.5 I’m Shelia Fitzgerald, owner and founder of EliteFitz, a destination inspired women’s boutique. We have an amazing co-parenting style that works for both of us, and we’re both happy. Thanks to Emily Reynolds, founder of R PR Firm ! #4

Entrepreneur 129

Entrepreneur South Africa PR Thailand 129

Steve Blank

NOVEMBER 7, 2013

What CEOs, management teams and shareholders care about is growth —revenue growth, greater user adoption, increased market share, bigger margins, etc. There are co-working spaces in basically every city in the world—from Nepal to New York. Here’s how he’s shaping the future of corporate innovation.

Lean 331

Lean Nepal Cofounder Customer Development 331

Startup Professionals Musings

OCTOBER 23, 2013

They evaluate you like you should assess a possible co-founder or first employee. Are revenues and costs reasonable and projected for five years? Another common approach is to bootstrap your first startup to success, possibly with some help from friends and family. Investors are people too. What are your credentials?

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Founder Cofounder Bootstrapping Entrepreneur 270

A Smart Bear: Startups and Marketing for Geeks

MAY 1, 2012

Sacha demonstrated the benefits of selling many copies of an eBook at a low price, while Jarrod pointed out the advantages of higher prices, bringing in more revenue with 1/6th the number of units sold. This is a choice that every startup founder must make , so I’d like to dig in deeper. maximizing per-unit profitability).

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Customer Revenue Acquisition Cofounder 320

www.mint.com

MARCH 9, 2010

If the answer to the question centers around “We will achieve revenue soon so our net will improve and give us more runway,” it means the company is in trouble because no product ever ships on time nor achieves the company’s “conservative forecast.” These days revenue is the best source of capital. Who is on your board of directors?

Software Review 68

Software Review Startup Post-Money Valuation Technical Review 68

ConversionXL

MARCH 31, 2021

For example, here’s how we’d describe a segment of the app development agency’s audience: Existing Startup Founder: Sometimes, founders will already have an MVP or prototype. Cash flow is a matter of life or death when bootstrapped and pre-funding. What are the primary and secondary goals you’re aiming to achieve?

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Audience Non-Compete Distribution Channel 127

Austin Startup

MARCH 20, 2018

My co-founder, Jason Novek, and I got into Y Combinator when there were 27 total companies in the batch and only four YC partners in existence. Besides, getting into Y Combinator is easy: just be wicked smart, create a beautiful product, get millions of users, and build a revenue stream that grows 20% every month.

Cofounder 48

Cofounder Texas Video Software Review 48

Startup Professionals Musings

JUNE 20, 2011

They evaluate you like you should assess a possible co-founder or first employee. Are revenues and costs reasonable and projected for five years? Another common approach is to bootstrap your first startup to success, possibly with some help from friends and family. Investors are people too. What are your credentials?

Entrepreneur 268

Entrepreneur Bootstrapping Cofounder Business Plan 268

YoungUpstarts

FEBRUARY 9, 2016

by Amit Damani , cofounder of Vista Rooms. Bootstrap was term coined from the computer lingo ‘booting’ which means starting a computer or starting a chain of processes which eventually starts up the operating system. Bootstrap mentality is critical for a startup to succeed, irrespective of whether it has raised funds or not.

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Bootstrapping Cofounder Startup Sales Cycle 100

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. Startup Lessons You’ll Learn: What tradeoffs a bootstrapped startup’s CEO makes. The moving story of Patrick beating cancer and the surprising way that changed him as a founder.

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Bootstrapping Founder Boston Cofounder 120

Startup Professionals Musings

SEPTEMBER 12, 2012

They evaluate you like you should assess a possible co-founder or first employee. Are revenues and costs reasonable and projected for five years? Another common approach is to bootstrap your first startup to success, possibly with some help from friends and family. Investors are people too. What are your credentials?

Entrepreneur 242

Entrepreneur Bootstrapping Cofounder Restful 242