What is a Bootstrapper?
Dave Cheong had an interesting piece this week on bootstrapping. It was a nice, simple review of the concept.
"A bootstrapper is someone who uses his own time, money and resources to get a business launched…," Cheong writes. Then he asks every bootstrapper's favorite question: Isn't that crazy? I had to laugh, but I love his answer:
Maybe, but there is a method to my madness. Raising money with outside funds may be appropriate for some businesses, but…. If I was starting a company which required lots of initial funds (eg massive infrastructure, marketing, people, tools etc), then I wouldn't be able to bootstrap.
But the real art in his article was his summation of the attraction of bootstrapping:
When you have less money, you have less bull-crap. We don't have 10 people in meetings that last for 3 hours. We don't spend 2 months writing design documents before we start coding. We don't go on expensive trips to meet clients or chase a sale. We don't need to appease investors.
You can read Cheong's whole piece here.
Photo courtesy of iStockphoto, Image# 6324752
December 27th, 2008 at 9:45 am
thank you
December 28th, 2008 at 12:20 am
Terrific article… thanks for the great info!
January 18th, 2009 at 4:41 pm
Never heard the term bootstrapping before. It gives a good visual of someone determined to make it work.
February 17th, 2009 at 2:34 am
thanks
February 17th, 2009 at 2:35 am
very well article thanks admin