Startup Professionals Musings
DECEMBER 23, 2013
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. General startup expenses are beyond your means. bootstrap business entrepreneur startup' Marty Zwilling.
Startup Professionals Musings
JANUARY 30, 2023
In my own experience with technical startup founders, I still find it hard to name one who was also good, or even interested in financials or business operations. Most aspiring entrepreneurs don’t have the resources alone to “bootstrap” or fund their new business alone. Finding the right investors can make or break you.
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Startup Professionals Musings
FEBRUARY 29, 2020
One of the myths I often hear as an advisor to many entrepreneurs is that their lifestyle would somehow be better if they could more easily find other people’s money to build their startup. Usually it pays to move a startup slower rather than risk relationships. Bootstrapping gives you the flexibility to explore creative alternatives.
Startup Professionals Musings
MAY 25, 2020
The last thing a new entrepreneur wants to think about for a new startup is how it will end. Startups with no exit planned will minimize investor returns. Most entrepreneurs like the startup role, but not the big-company role. Yet one of the first things a potential equity investor asks about is your exit strategy.
Startup Professionals Musings
NOVEMBER 26, 2022
One of the myths I often hear as an advisor to many entrepreneurs is that their lifestyle would somehow be better if they could more easily find other people’s money to build their startup. Usually it pays to move a startup slower rather than risk relationships. Bootstrapping gives you the flexibility to explore creative alternatives.
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. That mentality has to be part of the culture of every startup team member from the start.
Startup Professionals Musings
SEPTEMBER 7, 2020
Yet everyone has limits, and every investor implicitly has similar limits on what makes a startup investable, or one to avoid at all costs. 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.
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