Bootstapping: The Secret to Startup Sucess
"I can offer at least eight solid reasons why Bootstrapping will consistently deliver better results than the "fund-and-burn" model that has become entrenched in Silicon Valley and elsewhere:
1. Bootstrapping ensures that you build your business on a legitimate, real-world value proposition...
2. Bootstrappers initiate the critical sales learning process sooner, not later...
3. Bootstrappers don't waste money; they make it...
4. Bootstrapping accelerates time-to-market and time-to-profitability...
5. Bootstrappers are less likely to make big, fatal financial mistakes...
6. Bootstrappers are forced into unconventional thinking. Necessity truly is the mother of invention...
7. Bootstrappers have more freedom and flexibility...
8. Bootstrappers wind up owning much, if not all, of what they create...
From my personal experience, I could add a ninth reason to this list: Bootstrapping is good, clean fun."
Read more in this SandHill.com article.
