Filed in archive
Bootstrapper News
by Shawn Hessinger on April 12, 2008
While some entrepreneurs may be happy to bootstrap their companies indefinitely as the best way to launch, grow and maintain control of their ventures, others may choose it as a route to outside funding in the future.
Investors still have plenty of money to sink into startups, about $58.5 billion in the U.S. in 2008 according to this article from the Arizona Republic via azcentral.com compared with $44.3 billion in private equity during the same quarter last year.
However, experts also say those investors prefer a track record something creating a "Catch-22" for many startups with no solid history of success.
Entrepreneur Neeley Neal, founder of Sideline Star LLC, an online social network for people in the cheerleading industry, explained the quandary this way.
"I think there is sort of this hurdle," Neal said. "You have to either bootstrap and show some success on a shoestring budget or . . . find the larger firms that are willing to invest $1 (million) to $2 million."
Photo Credit: Prisonbreak, Morguefile
Permalink: Bootstrapping can be route to funding
Tags:
bootstrap
entrepreneur
entrepreneurship
bootstrapping
bootstrapped
investment
funding
business
boot
Trackback: http://publish.creative-weblogging.com/publish/mt-tb.pl/119971
Addthis
Ask
Blinklist
del.icio.us
Digg
Fark
Facebook
Google
Lycos
Ma.gnolia
Mr Wong
Netscape
Netvousz
Newsvine
Reddit
StumbleUpon
Slashdot
Tailrank
Technorati
Wink
Yahoo
Vote for Bootstrapping can be route to funding:
|
Rating: 9.00 out of 1 vote(s) cast.
|
Subscribe
Use the search to look for other interesting posts
| RSS |  See all blog subscribe options |
 What is RSS? | |
| Yahoo! |
|
| Addthis |
|
| Bloglines |
|
| Newsletter | |
| Follow us on Twitter! |
