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Bootstrapping is the act of building your business from your own funds and revenue from customers, instead of raising money from outsiders such as angels and venture capitalists. This is the method that most start-up companies use to build their ventures. In this lecture, learn the pros and cons of bootstrapping, how to ensure your investment is protected and how to make smart decisions about where to invest money in your company. http://www.marsdd.com/events/details/bootstrapping-2011/
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bootstrapping MaRS Discovery District April 4, 2012 Charles Plant
Slide 3
what do these companies have in common?
Slide 4
Slide 5
what is bootstrapping?
Slide 6
why would you want to?
Slide 7
the best companies ever
Slide 8
some facts about VCs
Slide 9
research in moKon
Slide 10
before you start
Slide 11
line up credit ahead of Kme
Slide 12
find a mentor
Slide 13
pick the right business
Slide 14
geNng going
Slide 15
find the pain
Slide 16
simple business plan
Slide 17
earn some consulKng revenue
Slide 18
start building your product
Slide 19
ramping up
Slide 20
leverage relaKonships -‐ microsoP
Slide 21
find the fox
Slide 22
look for service opportuniKes
Slide 23
solve a problem
Slide 24
low hanging fruit
Slide 25
land a sale
Slide 26
you will need credibility
Slide 27
meeKng big compeKtors head on
Slide 28
get some revenue
Slide 29
low overhead
Slide 30
keep costs variable low fixed costs
Slide 31
find employees who will share the risk
Slide 32
leverage suppliers
Slide 33
build a product
Slide 34
figure out your business model
Slide 35
do it again, and again and again
Slide 36
and then what
Slide 37
once you have
• products • reference accounts • a working business model • the right people • exponential growth
you should go out and raise money
Slide 38
quesKons?
Slide 39 marsdd.com/ent101-webcasts or marsdd.com/ent101/online