The Art of Bootstrapping

Someone once told me that the probability of an entrepreneur getting venture capital is the same as getting struck by lightning while standing at the bottom of a swimming pool on a sunny day. I think this is a grossly too pessimistic. The probability is the same as on a cloudy day.

Let’s say that you can’t raise money for whatever reason: You’re not a “proven” team with “proven” technology in a “proven” market. Or, your company may simply not be a “VC deal”–that is, something that will go public or be acquired for a zillion dollars. Finally, your organization may be a not-for-product with a cause like the ministry or the environment. Does this mean you should give up? Not at all.

Full Story: http://blog.guykawasaki.com/2006/01/the_art_of_boot.html

Additional info on Boorstrapping:

Greg Gianforte, CEO and founder of RightNow Technologies in Bozeman, MT publishes book on entrepreneur strategies – http://www.matr.net/article-16660.html

Greg Gianforte, CEO of RightNow Technologies of Bozeman – "Most startups should avoid venture funding, not pursue it" http://www.matr.net/article-15472.html