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Just saw this article by Greg Gianforte from RightNow in SiliconValleyWatcher (via Ken’s Meme Deflector) that states that Most startups should avoid venture funding . It outlines even further great reasons to bootstrap. Here are some of my favorite from the list: If you start by selling your concept to potential …
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Nowadays businesses are moving all over the world to be flexible and cut costs. I am guessing that many small startups don’t think about this step. Chances are that you have had a fairly successfull career or a series of jobs, that have required that you live and work in a high cost area such as London, Boston, Bay …
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You’ve all heard the common advice that to startups that you need a good team. I’m sure that is right, however some times and at certain stages that team should consist of just you. Granted if you happen to have a really good small founding team of really capable people, by all means you should work together. However, …
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Most of us entrepreneurs have a dream and we are very focused on this. Unfortunately things that are obvious to us can very often be undecipherable for others. Startups with more people can also have this problem, but are less perceptible to it as the other partners or investors will start questioning you early on. Us …
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“You must never confuse faith that you will prevail in the end – which you can never afford to lose – with the discipline to confront the most brutal facts of your current reality, whatever they might be.â€? Jim Stockdale While browsing around Joe Kraus blog after my last story about Great times for …
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Joe Kraus says It’s a great time to be an entrepreneur In this post he asks why it cost $3m to launch Excite and only $100k to launch JotSpot His conclusion is that it boils down to the following 4 things: Hardware is 100X cheaper Infrastructure software is free Access to Global Labor Markets Search Engine Marketing …
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Bob Parsons the founder of Go Daddy has given some good rules and advise for us Entrepreneurs Go read the full back story at the above link as well as this later post When you’re ready to quit, you’re closer than you think where he expands on rule 3. For future reference here they are below: Here are the 16 rules I try …
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There is a lot of buzz going on right now about payment systems. First with the huge credit card theft which was seriously just waiting to happen (and will happen again), secondly with Google’s new Payment System which could have the potential to be interesting. This subject is dear to me as I have spent more than my …
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We’ve all heard the stories in colourful business magazines about people starting their multimillion dollar companies using nothing more than their credit cards as funding. It sounds like a cool idea and all and it could probably be used as a gamble if you are betting on receiving a large amount of cashflow straight …
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During the Reboot 7 conference one of the most interesting sessions was Jason Fried from 37Signals titled “Doing big things with small teams”. It is the story how they have managed to roll out: Basecamp Tada-list Backpack Using very few resources and quickly. It was basically a tale of bootstrapping successfull …
