Bootstrapping Your Startup
Bootstrapping is often used as an adjective to describe a cost-saving action. In this presentation the concept of bootstrapping is re-defined to include much more and can be transformed into an effective strategy to avoid the need to raise investment funds as far into a venture’s life cycle as possible to minimize dilution of Founders’ equity and loss of decision-making control. Various types of bootstrapping decisions and bootstrapping opportunities will be introduced. They will serve as a basis to formulate a bootstrapping strategy. Very few startups will be able to go from incubation to exit via bootstrapping. Deciding when to abandon one’s bootstrapping strategy and proceeding with fund-raising is one of the most important decisions a founding team will need to make. The workshop will conclude with the “when” and “how” this decision is to be made.