I read somewhere that publishing your goals for all to see greatly increases the chances of reaching your goal. So, my goals for 2010 (”twenty ten“) are to:
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Since the blog’s launch in June, the site has seen over 10,000 pageviews from over 5,0000 unique visitors in 114 countries and the RSS subscriber base has grown to over 200. THANK YOU! Below are the two 5 posts from this year… take a look if you missed them or want a refresher.
This post is part of a series on my notes from Startup Day 2009, a conference for pre-entrepreneurs interested in founding or joining a tech startup in the Seattle area.
What is bootstrapping? Self-funded thru cash flow, not VC or angel backed.
Why bootstrap?
- No money. It’s very difficult to raise funding, especially in today’s economy.
- Retain control. Taking funding will likely give you more “bosses,” all with different agendas. Most VCs have backgrounds in things that aren’t probably relevant to your org.
- Cash-poor leads to better decisions. Limited cash drives better decisions earlier, must cut all non-essential expenses, must generate enough cash to pay the bills. Company DNA is set very early and being cash poor creates the right type of DNA.
- Reduce risk. No strings attached.
- Don’t get ripped off. Most entrepreneurs don’t understand the impact of liquidation preference, etc and can easily get ripped off.
