bootstrapping with charles plant - entrepreneurship 101
DESCRIPTION
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.html?uuid=afcdff36-d800-4973-a086-ea001ffc9eb8TRANSCRIPT
bootstrapping
MaRS Discovery District April 6, 2011
Charles Plant
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what is bootstrapping?
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why would you want to?
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the best companies ever
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some facts about VCs
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before you start
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research in moKon
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line up credit ahead of Kme
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pick the right business
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find a mentor
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simple business plan
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geNng going
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leverage relaKonships -‐ microsoP
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find the fox
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find the pain
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low hanging fruit
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look for service opportuniKes
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land a sale
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you will need credibility
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meeKng big compeKtors head on
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solve a problem
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get some revenue
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low overhead
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leverage suppliers
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build a product
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do it again, and again and again
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and then what
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once you have
• products • reference accounts • a working business model • the right people • exponential growth
you should go out and raise money
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quesKons?