Important Bootstrapping Techniques for
Business Development:
-
Foregone or delayed compensation
-
Reduced compensation
-
Personal savings
-
Working from home
-
Deals with professional service
providers at below-competitive rates
-
Space at below-market or very low
rent
-
Personal credit cards and home
equity loans.
The least important bootstrapping
techniques used in business development include Small Business Administration's
guarantees, the
entrepreneur's
severance and parachute payments, barter arrangements, and special terms with
customers.
Venture
Financing Funnel
Venture
Financing: Key Documents
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References:
1. "Bootstrap
Finance: The Art of Start-ups" by Bhide, A.
2. "Who Bankrolls
Software Entrepreneurs" by Freear, J., Sohl.J.E., and Wetzel, W.E.
3. "Financial
Bootstrapping in Small Businesses: A Resource-Based View on Small Business
Finance", Winborg,J., and Landstrom.H.
4. "Angel
Investing", Osnabrugge,M.V., and Robinson, R.J.,
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