Communications of the ACM
Bootstrapping Web Workers Get A Roadmap At Sxsw 2009
SXSW Inc.
At this year's SXSW event, a session called "Bootstrap Your Startup" provided valuable insight for Web workers who are thinking about starting a new Internet company. The focus was on finding new sources of funding for start-up companies in their early stages. In contrast to "cookie cutter" businesses that require little creativity or innovation and "funding-driven" businesses that focus on repaying investors, bootstrapped businesses typically allow more patience, creativity and passion. With that in mind, entrepreneurs need to understand each step of the developmental journey of a start-up company.
The bootstrapped model allows start-up founders to have maximum flexibility and creativity while seeking out the business model that will best suit the growing company. In contrast to the VC model, there is no longer the primary concern of returning the investment to financial backers as soon as possible. Bootstrapping your company allows the business model to "show up as you go along," and may become the true extension of the expression and passions of the founder. Money, critical of course for every business, is needed to keep bootstrapped businesses afloat, but the advantage of the bootstrapped model is that overhead is often lower and there's not a "ticking clock" to meet the demands of anxious investors.
From Web Worker Daily
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