SlideShare a Scribd company logo
1 of 41
Download to read offline
Bootstrapping 101


How to quit your job, found your startup and survive the first year?
You would LOVE to launch your startup
But you don’t know how to survive
You already know that bootstrapping and
fundraising don’t have to be enemies*.
If you don’t check out this awesome presentation.

Most entrepreneurs have to bootstrap at least the first year.
Now it’s time to learn to bootstrap.
Welcome to the bootstrapping
startup founder handbook
Oh, btw… they all bootstrapped


An alliance of the best entrepreneurs & investors in France

built to create more world-class digital champions.
!

We lobby to make a startup-friendlier environment and host incredible events.
!

Interested in being part of this amazing community*?
Drop us an email

click!
* more info: www.francedigitale.org
Part 1. The challenge
What are the main issues?
(spoiler: being able to pay for the MVL*)

You will most certainly not be profitable at first 

(And that time might last for a while)
some startupers call it “eternity“

So you have to cover your cash burn with savings & revenue.

Then the first question will be: what is your surviving time?

* Minimum Viable Life
The Golden Formula


SURVIVING TIME = revenue 



+ savings
- personal cash burn
- venture cash burn
let’s look at the PCB & VCB in details

* liste des principales aides françaises en annexe
Part 2. The CashBurn
Inside the PCB: PERSONAL CashBurn
The cashburn is the amount of money you spend each month on average.

ACCOMMODATION
1000€

Don’t forget the income tax
(more info in appendix)

FOOD

OTHER

300€

250€

next slide

estimation in Paris for 1 person : 1550€/month + income tax
Appendix: more details about average costs in Paris for yourself

Since tech startups almost make 0 revenue the early days, and investors need

a proof of concept, you basically have to cover the PCB AND your venture cash burn.
Inside the VCB: VENTURE CashBurn
Costs depend on your resources & strategy: 


Do you have to rent a place? Do you have all skills you need within your current team? 

Do you want to hire an intern? Do you want to do the accounting yourself? Will you print communication materials? etc.

RENT
400€

SERVICES
400€

OTHER
100€

estimation in Paris : 900€/month minimum
Appendix: more details about average costs in Paris for your venture

Once I calculated the Total Cash Burn (PCB+VCB) how do cover it?

next slides
Part 3. Bootstrapper toolkit
Covering the PCB + VCB
The ultimate hack: having enough savings (+passive revenue)

to cover the 1st year* expenses.
We said, on monthly average : PCB + VCB = 1550 + 900/2** = 2000€ 

So you’re good if you’ve got (2000)*12 = 24000€ in bank
+ your income tax

* you’ll probably have 0 revenue the 1st year
** divide the VCB by the number of co-founders
Covering the PCB + VCB
In France, we have unemployment benefits, which are a
great way to allow you to build your business. It’s around
50% of your previous wages (more infos) - that can cover
a good portion of your monthly cashburn.

If you don’t, you’ll have to use the Bootstrapper Toolkit.
next slide
The Bootstrapper Toolkit
If you don’t have enough here are your options:
1-to-1 TEACHING

between 15-50€/hr, average 25€. 


GRADUATE SCHOOL TEACHING

between 50-150€/hr, average 70€. 


Tips: use hellomentor to avoid losing time commuting

Tips: offer your services around may-june for the coming year

FREELANCING

between 300-1000€/day, average 500€. 


CUSTOM DEVELOPMENT

between 400-700€/day, average 500€. 


RELATIONSHIP

Tips: try to have made a network of freelancers with complementary skills

Tips: try to develop features that you could use

your lovely mate/family is taking care of your the bills.

Tips: try to be in a relationship before you need cash

si vous êtes français reportez vous à l’annexe pour un récapitulatif des principales aides
The Bootstrapper Toolkit
But always remember to succeed in your venture, you need:
TIME

ENERGY

FOCUS

So you need to find the right balance between
generating money and time/energy/focus
The Bootstrapper Toolkit
Also, don’t forget the sharing economy!
1

you can rent your flat


2

you can rent your car


3

you can share your travel expenses


use airbnb or bedycasa (40-100€ per night)

use drivy or ouicar or deways (30-100€ per day)

use BlaBlaCar
Part 4. Case studies
CASE STUDY
Alexandre Dana,

CEO Hellomentor
This amazing picture was taken by Antoine Duchamp, for free because Hellomentor is a member of France Digitale.
TOTAL CASHBURN (TCB)
PBC = 520€/month*
* living at his parents

VBC = 1000€/month**
** 3 co-founders in the startup

FOOD

INTERNSHIP***

400€

700€

TRAVEL

OTHER

60€

60€

RENT
70€ (ESCP incubator)
*** not the full year

TCB = (520+1000/3)*12 = 853*12 = 10240€/yr

OTHER
230€
BOOTSTRAPPER TOOLKIT
1-to-1 TEACHING

3200€ the first year*
courses in economy for high school & college
+ coaching for job interviews

RELATIONSHIP
“I did not left home so I hadn’t to pay for a flat. None of the cofounders had
the unemployment benefits (only 6 months of internship before) and we
could not have the RSA (less than 25 years old)“
* directly via Hellomentor
PRO TIPS
“You have to be really fair between co-founders.

If you make 5000€ in freelancing and your co-founder works on the startup
you’ll have to split the 5K. Be really transparent about the income & the needs.“
CASE STUDY
Guillaume Potier,

Co-founder Wisembly
TOTAL CASHBURN (TCB)
PBC = 850€/month*
* living with his girlfriend

RENT

VBC = not disclosed


550€

let’s assume around 1K/month, 3 co-founders

FOOD

OTHER

200€

100€

TCB = (850+1000/3)*12 = 1183*12 = 14200€/yr
BOOTSTRAPPER TOOLKIT
CUSTOM DEVELOPMENT

10000€+ the first year
“We had custom development on our core features we might never use later on but that paid well. And it’s
always better than freelancing or giving courses, we stayed more focus and worked together. Eventually,
we learned in the process about the market & its demands and about the technologies we used“

RELATIONSHIP
“I had the luck to have a girlfriend that paid the bills and was helped by my parents in the
beginning. I didn’t get unemployment benefits since I hadn’t worked long enough before
and no RSA since I was too young.“
PRO TIPS
1

Cook for your team in the early days, it will cost you less than 10€ per meal
for 3 people.

2
3

No salaries for the founders the first year to be able to recruit sooner.
!
!
Try not to rent an office first but to share your flat with your
teammates.


4

Don’t waste your time with contests and subventions: clients first.


5

If you need revenue do custom development, you’ll lose less focus
than courses and so on.

6

Try to have all the competences within your team: no internship, no
recruitment needed to build your MVP if possible.
And remember it’s not a one-time decision
Wisembly raised $2M 4 years after they were born

Hellomentor raised 200K€ the first year

GITHUB eventually raised $100M.
If you want to raise money, don’t hesitate to ask our dear partners
click
Check the second part of this presentation!
Credit
Discussion with lots of startuppers.



Two interviews: Alexandre Dana (CEO HelloMentor) & Guillaume Potier (CTO Wisembly)
!
Special thanks to Emmanuelle Coulon, Melissa Blaustein & Taro Ugen, 

the partners of France Digitale and all other commenters, including members of
Facebook Group “French Startupers“ (to mention a few of them: Julien Guien, Cédric
Giorgi, Eric Alessanri, Hugo Douchet)
!
Images:





South Umpqua Ranger Station Cabin, Umpqua Forest, Oregon - Ingram public domain
!
Barbary Lion - Sir Alfred Edward Pease public domain
August 2007 forest fire in Istria - Orlovic CC SA 3.0
!
U.S. Air Force Academy firefighters fight the Black Forest Fire near Colorado Springs Master Sgt. Christopher DeWitt public domain
!
Conner prairie log cabin interior - Derek Jensen, CC BY 2.5
Willy Braun

GM France Digitale.
willy@francedigitale.org
www.francedigitale.org

Mathieu Daix

CMO France Digitale.

mathieu@francedigitale.org

www.francedigitale.org

Want to be part of the
amazing community

of France Digitale ?

click here*
* or send me an email
APPENDIX
MAIN COSTS 

& AIDES EN FRANCE
MAIN COSTS IN PARIS FOR YOURSELF
ADSL: 30€/month


Mobile phone: 30€/month


Mobile phone: 30€/month


RATP: 60/month


House insurance: 67€/month


Electricity+Gas: 70€/month










For a rent of 800€/month

!

Entertaining: 120€/month

Holiday+Travel: 50€/month

Income Tax: around 30-60% (depends on the legal status of your 

company and the amount of your previous wages)
MAIN COSTS IN PARIS FOR YOUR VENTURE
cost of creation in France: 250€

accounting: 1000€/yr minimum

(check them)


!

intern minimum gratification: 436€

design: [400-500]€ per man/day


!

work station in Paris: [200-300]€
(check this website)

hosting: around 30€/month

(check them or OVH Kimsufi)
PRÊTS D’HONNEURS
Réseau France Initiative : montant moyen 8340€ en 2012, octroyé par un comité
sur présentation d’un plan de création ou de reprise. Remboursement sur 2 à 5 ans.
Scientipôle Initiative : 20000€ par fondateur max, 60 000€ max par entreprise. 

Entreprise francilienne de moins de 3 ans avec potentiel de développement. 

Fin R&D/amorçage commercial. Remboursement sur 5 ans.
Réseau Entreprendre : soumis à l’adhésion dans le réseau. 15 000 à 90 000€. 

Remboursable sur 5 ans.
NACRE : prêt à taux 0 de 1000 à 10000€
PRINCIPALES AIDES BPI
Prêt à la Création d’Entreprise (PCE) : de 2000 à 7000€, sans caution ni garantie.
Aide à la Création d'Entreprise Innovante (ACREI) : financer l’étude de faisabilité.

Jusqu’à 30000€.
Aide pour la Faisabilité de l'Innovation (AFI) : financer étude de faisabilité &
intégration de compétence. Taux 0 remboursable en cas de succès.
Avance+ : créances pour régler des grands donneurs d’ordres publics
et privés (partage possible avec votre banque)
AUTRES AIDES
ACCRE : Exonération des charges sociales pendant 12 mois sur le salaire des

créateurs. À demander lors de la création d’entreprise ou dans les 45 jours qui suivent.

Pour les 18-25 ans ou 26-29 ans sans indemnisés par l’assurance chômage.

Fonds de Garantie à l'Initiative des Femmes (FGIF) : Pour toute femme qui souhaite 

créer, reprendre ou développer une entreprise. 70% de garantie du prêt.

De 5000 à 22000€. Commission 2.5% du montant. Remboursable entre 2 et 7 ans.
En savoir plus sur France Digitale

More Related Content

What's hot

Show Me The Money London 2014 - Presentation by John Spindler Ceo of Capital ...
Show Me The Money London 2014 - Presentation by John Spindler Ceo of Capital ...Show Me The Money London 2014 - Presentation by John Spindler Ceo of Capital ...
Show Me The Money London 2014 - Presentation by John Spindler Ceo of Capital ...TechMeetups
 
InterTradeIreland Venture Capital Conference 2012
InterTradeIreland Venture Capital Conference 2012InterTradeIreland Venture Capital Conference 2012
InterTradeIreland Venture Capital Conference 2012Lough Shore Investments
 
Brussels Tech Startup Ecosystem Barometer 2017
Brussels Tech Startup Ecosystem Barometer 2017Brussels Tech Startup Ecosystem Barometer 2017
Brussels Tech Startup Ecosystem Barometer 2017StartUps.be
 
Danny Moore's keynote at the InterTrade Ireland VC Conference 2012
Danny Moore's keynote at the InterTrade Ireland VC Conference 2012Danny Moore's keynote at the InterTrade Ireland VC Conference 2012
Danny Moore's keynote at the InterTrade Ireland VC Conference 2012Lough Shore Investments
 
Alternative Sources Of Funding For Creative Technology Business
Alternative Sources Of Funding For Creative Technology BusinessAlternative Sources Of Funding For Creative Technology Business
Alternative Sources Of Funding For Creative Technology Businessgcecs2009
 
Startupxplore syndicates
Startupxplore syndicatesStartupxplore syndicates
Startupxplore syndicatesStartupxplore
 
Capital Enterprise Presentation at Show Me the Money London 2015 #TMUMoney
Capital Enterprise Presentation at Show Me the Money London 2015 #TMUMoneyCapital Enterprise Presentation at Show Me the Money London 2015 #TMUMoney
Capital Enterprise Presentation at Show Me the Money London 2015 #TMUMoneyTechMeetups
 
Angel Investments Made Easy
Angel Investments Made EasyAngel Investments Made Easy
Angel Investments Made EasyManish Singhal
 
Grow Cornwall Partner Launch Presentation
Grow Cornwall Partner Launch PresentationGrow Cornwall Partner Launch Presentation
Grow Cornwall Partner Launch PresentationGrow Cornwall
 
Pitch foundation TheFamily
Pitch foundation  TheFamily Pitch foundation  TheFamily
Pitch foundation TheFamily Zagury Alice
 
Egypt Startups Ecosystem 101 - Country Overview Dec 2015
Egypt Startups Ecosystem 101 - Country Overview Dec 2015Egypt Startups Ecosystem 101 - Country Overview Dec 2015
Egypt Startups Ecosystem 101 - Country Overview Dec 2015Ameer Sherif
 

What's hot (17)

Show Me The Money London 2014 - Presentation by John Spindler Ceo of Capital ...
Show Me The Money London 2014 - Presentation by John Spindler Ceo of Capital ...Show Me The Money London 2014 - Presentation by John Spindler Ceo of Capital ...
Show Me The Money London 2014 - Presentation by John Spindler Ceo of Capital ...
 
Entrepreneurship 101
Entrepreneurship 101Entrepreneurship 101
Entrepreneurship 101
 
InterTradeIreland Venture Capital Conference 2012
InterTradeIreland Venture Capital Conference 2012InterTradeIreland Venture Capital Conference 2012
InterTradeIreland Venture Capital Conference 2012
 
Blume venture fund
Blume venture fundBlume venture fund
Blume venture fund
 
Brussels Tech Startup Ecosystem Barometer 2017
Brussels Tech Startup Ecosystem Barometer 2017Brussels Tech Startup Ecosystem Barometer 2017
Brussels Tech Startup Ecosystem Barometer 2017
 
Danny Moore's keynote at the InterTrade Ireland VC Conference 2012
Danny Moore's keynote at the InterTrade Ireland VC Conference 2012Danny Moore's keynote at the InterTrade Ireland VC Conference 2012
Danny Moore's keynote at the InterTrade Ireland VC Conference 2012
 
Alternative Sources Of Funding For Creative Technology Business
Alternative Sources Of Funding For Creative Technology BusinessAlternative Sources Of Funding For Creative Technology Business
Alternative Sources Of Funding For Creative Technology Business
 
Startupxplore syndicates
Startupxplore syndicatesStartupxplore syndicates
Startupxplore syndicates
 
Capital Enterprise Presentation at Show Me the Money London 2015 #TMUMoney
Capital Enterprise Presentation at Show Me the Money London 2015 #TMUMoneyCapital Enterprise Presentation at Show Me the Money London 2015 #TMUMoney
Capital Enterprise Presentation at Show Me the Money London 2015 #TMUMoney
 
Angel Investments Made Easy
Angel Investments Made EasyAngel Investments Made Easy
Angel Investments Made Easy
 
Entrepreneurship: 7 Core Pillars
Entrepreneurship: 7 Core PillarsEntrepreneurship: 7 Core Pillars
Entrepreneurship: 7 Core Pillars
 
111006 - Driving your Business Forward - Swindon
111006 - Driving your Business Forward - Swindon111006 - Driving your Business Forward - Swindon
111006 - Driving your Business Forward - Swindon
 
Grow Cornwall Partner Launch Presentation
Grow Cornwall Partner Launch PresentationGrow Cornwall Partner Launch Presentation
Grow Cornwall Partner Launch Presentation
 
Pitch foundation TheFamily
Pitch foundation  TheFamily Pitch foundation  TheFamily
Pitch foundation TheFamily
 
Ομιλία Δοξιάδη
Ομιλία ΔοξιάδηΟμιλία Δοξιάδη
Ομιλία Δοξιάδη
 
04.10.11 - Driving your Business Forward - Exeter
04.10.11 - Driving your Business Forward - Exeter04.10.11 - Driving your Business Forward - Exeter
04.10.11 - Driving your Business Forward - Exeter
 
Egypt Startups Ecosystem 101 - Country Overview Dec 2015
Egypt Startups Ecosystem 101 - Country Overview Dec 2015Egypt Startups Ecosystem 101 - Country Overview Dec 2015
Egypt Startups Ecosystem 101 - Country Overview Dec 2015
 

Viewers also liked

Bootstrapping - Entrepreneurship 101 (2012/2013)
Bootstrapping - Entrepreneurship 101 (2012/2013)Bootstrapping - Entrepreneurship 101 (2012/2013)
Bootstrapping - Entrepreneurship 101 (2012/2013)MaRS Discovery District
 
Baromètre EY / France Digitale 2016 - La performance économique et sociale de...
Baromètre EY / France Digitale 2016 - La performance économique et sociale de...Baromètre EY / France Digitale 2016 - La performance économique et sociale de...
Baromètre EY / France Digitale 2016 - La performance économique et sociale de...France Digitale
 
Présentation sogedev - le financement en amorçage (FD et GIT)
Présentation sogedev - le financement en amorçage (FD et GIT)Présentation sogedev - le financement en amorçage (FD et GIT)
Présentation sogedev - le financement en amorçage (FD et GIT)France Digitale
 
Bootstrap process boot loader
Bootstrap process boot loaderBootstrap process boot loader
Bootstrap process boot loaderidrajeev
 
Nascent entrepreneurship & china 2012
Nascent entrepreneurship & china 2012Nascent entrepreneurship & china 2012
Nascent entrepreneurship & china 2012Chuck Eesley
 
The Art & Science of Bootstrapping
The Art & Science of BootstrappingThe Art & Science of Bootstrapping
The Art & Science of BootstrappingNico Perez
 
Twitter bootstrap & Less.js
Twitter bootstrap & Less.jsTwitter bootstrap & Less.js
Twitter bootstrap & Less.jssrigi
 
The Art of Bootstrapping
The Art of BootstrappingThe Art of Bootstrapping
The Art of BootstrappingVishal Chandra
 
Bootstrapping Culture Without Freaking People Out
Bootstrapping Culture Without Freaking People OutBootstrapping Culture Without Freaking People Out
Bootstrapping Culture Without Freaking People OutBas de Baar
 
Bootloader and MMU (english)
Bootloader and MMU (english)Bootloader and MMU (english)
Bootloader and MMU (english)Sneeker Yeh
 
Lean startup, customer development, and the business model canvas
Lean startup, customer development, and the business model canvasLean startup, customer development, and the business model canvas
Lean startup, customer development, and the business model canvasgistinitiative
 
The 8 Things Everyone Should Know About Startup Funding
The 8 Things Everyone Should Know About Startup FundingThe 8 Things Everyone Should Know About Startup Funding
The 8 Things Everyone Should Know About Startup FundingWilly Braun
 
Lean Startup Circle: Sean Ellis Teaches the Keys to Explosive Startup Growth
Lean Startup Circle: Sean Ellis Teaches the Keys to Explosive Startup GrowthLean Startup Circle: Sean Ellis Teaches the Keys to Explosive Startup Growth
Lean Startup Circle: Sean Ellis Teaches the Keys to Explosive Startup GrowthLean Startup Circle
 
What happens in laravel 4 bootstraping
What happens in laravel 4 bootstrapingWhat happens in laravel 4 bootstraping
What happens in laravel 4 bootstrapingJace Ju
 
Fundraising Management grad school at Humber College leads to a great career
Fundraising Management grad school at Humber College leads to a great careerFundraising Management grad school at Humber College leads to a great career
Fundraising Management grad school at Humber College leads to a great careerKen Wyman
 
From the money and the maker
From the money and the makerFrom the money and the maker
From the money and the makerMoriya Kassis
 
C:\Users\Jordi\Desktop\Nueva Carpeta (2)\Nevoenbarna80310
C:\Users\Jordi\Desktop\Nueva Carpeta (2)\Nevoenbarna80310C:\Users\Jordi\Desktop\Nueva Carpeta (2)\Nevoenbarna80310
C:\Users\Jordi\Desktop\Nueva Carpeta (2)\Nevoenbarna80310guestcebe9cab
 

Viewers also liked (20)

Bootstrapping - Entrepreneurship 101 (2012/2013)
Bootstrapping - Entrepreneurship 101 (2012/2013)Bootstrapping - Entrepreneurship 101 (2012/2013)
Bootstrapping - Entrepreneurship 101 (2012/2013)
 
Baromètre EY / France Digitale 2016 - La performance économique et sociale de...
Baromètre EY / France Digitale 2016 - La performance économique et sociale de...Baromètre EY / France Digitale 2016 - La performance économique et sociale de...
Baromètre EY / France Digitale 2016 - La performance économique et sociale de...
 
Présentation sogedev - le financement en amorçage (FD et GIT)
Présentation sogedev - le financement en amorçage (FD et GIT)Présentation sogedev - le financement en amorçage (FD et GIT)
Présentation sogedev - le financement en amorçage (FD et GIT)
 
Bootstrapping Your Startup
Bootstrapping Your StartupBootstrapping Your Startup
Bootstrapping Your Startup
 
Are you a Bootstrapper?
Are you a Bootstrapper?Are you a Bootstrapper?
Are you a Bootstrapper?
 
Bootstrap process boot loader
Bootstrap process boot loaderBootstrap process boot loader
Bootstrap process boot loader
 
Nascent entrepreneurship & china 2012
Nascent entrepreneurship & china 2012Nascent entrepreneurship & china 2012
Nascent entrepreneurship & china 2012
 
The Art & Science of Bootstrapping
The Art & Science of BootstrappingThe Art & Science of Bootstrapping
The Art & Science of Bootstrapping
 
Twitter bootstrap & Less.js
Twitter bootstrap & Less.jsTwitter bootstrap & Less.js
Twitter bootstrap & Less.js
 
The Art of Bootstrapping
The Art of BootstrappingThe Art of Bootstrapping
The Art of Bootstrapping
 
Bootstrapping Culture Without Freaking People Out
Bootstrapping Culture Without Freaking People OutBootstrapping Culture Without Freaking People Out
Bootstrapping Culture Without Freaking People Out
 
Bootloader and MMU (english)
Bootloader and MMU (english)Bootloader and MMU (english)
Bootloader and MMU (english)
 
Lean startup, customer development, and the business model canvas
Lean startup, customer development, and the business model canvasLean startup, customer development, and the business model canvas
Lean startup, customer development, and the business model canvas
 
The 8 Things Everyone Should Know About Startup Funding
The 8 Things Everyone Should Know About Startup FundingThe 8 Things Everyone Should Know About Startup Funding
The 8 Things Everyone Should Know About Startup Funding
 
09 new venture_team
09 new venture_team09 new venture_team
09 new venture_team
 
Lean Startup Circle: Sean Ellis Teaches the Keys to Explosive Startup Growth
Lean Startup Circle: Sean Ellis Teaches the Keys to Explosive Startup GrowthLean Startup Circle: Sean Ellis Teaches the Keys to Explosive Startup Growth
Lean Startup Circle: Sean Ellis Teaches the Keys to Explosive Startup Growth
 
What happens in laravel 4 bootstraping
What happens in laravel 4 bootstrapingWhat happens in laravel 4 bootstraping
What happens in laravel 4 bootstraping
 
Fundraising Management grad school at Humber College leads to a great career
Fundraising Management grad school at Humber College leads to a great careerFundraising Management grad school at Humber College leads to a great career
Fundraising Management grad school at Humber College leads to a great career
 
From the money and the maker
From the money and the makerFrom the money and the maker
From the money and the maker
 
C:\Users\Jordi\Desktop\Nueva Carpeta (2)\Nevoenbarna80310
C:\Users\Jordi\Desktop\Nueva Carpeta (2)\Nevoenbarna80310C:\Users\Jordi\Desktop\Nueva Carpeta (2)\Nevoenbarna80310
C:\Users\Jordi\Desktop\Nueva Carpeta (2)\Nevoenbarna80310
 

Similar to Bootstrapping 101: how to found your startup and survive the first year?

Prez Indreica Engleza
Prez Indreica EnglezaPrez Indreica Engleza
Prez Indreica EnglezaJohn Indreica
 
New btic presentation on website
New btic presentation on websiteNew btic presentation on website
New btic presentation on websitealfred_sy2001
 
New btic presentation on website
New btic presentation on websiteNew btic presentation on website
New btic presentation on websitealfred_sy2001
 
New btic presentation on website
New btic presentation on websiteNew btic presentation on website
New btic presentation on websitealfred_sy2001
 
When I Stopped Trying To Get Rich Tomorrow and Focused On A Solid, PROVEN Met...
When I Stopped Trying To Get Rich Tomorrow and Focused On A Solid, PROVEN Met...When I Stopped Trying To Get Rich Tomorrow and Focused On A Solid, PROVEN Met...
When I Stopped Trying To Get Rich Tomorrow and Focused On A Solid, PROVEN Met...Assured Venture
 
SCnet Presentation - English Version
SCnet Presentation - English VersionSCnet Presentation - English Version
SCnet Presentation - English VersionSCnet Info
 
Passive income with side projects
Passive income with side projectsPassive income with side projects
Passive income with side projectsMatthijs Roumen
 
Everyone loves autopilot money
Everyone loves autopilot moneyEveryone loves autopilot money
Everyone loves autopilot moneymego785
 
Estimating revenues, costs_and_profits[1]
Estimating revenues, costs_and_profits[1]Estimating revenues, costs_and_profits[1]
Estimating revenues, costs_and_profits[1]Patrick Rubix
 
1 fashion global Presentation English
1 fashion global Presentation English1 fashion global Presentation English
1 fashion global Presentation EnglishKevin Constant
 
DreamBuilders New Consultant Training
DreamBuilders New Consultant TrainingDreamBuilders New Consultant Training
DreamBuilders New Consultant Trainingkatehester
 
New btic presentation2
New btic presentation2New btic presentation2
New btic presentation2alfred_sy2001
 
Business Plan-Powerpoint Presentation
Business Plan-Powerpoint PresentationBusiness Plan-Powerpoint Presentation
Business Plan-Powerpoint PresentationHimanshu Kumar
 
Empowerment through Enterprise - how to get your start up business off the gr...
Empowerment through Enterprise - how to get your start up business off the gr...Empowerment through Enterprise - how to get your start up business off the gr...
Empowerment through Enterprise - how to get your start up business off the gr...caniceconsulting
 
What is corporate finance all about?
What is corporate finance all about?What is corporate finance all about?
What is corporate finance all about?Andre L. Braga
 
Mvt eagles presentation
Mvt eagles presentationMvt eagles presentation
Mvt eagles presentationscabsrams
 
Mvt eagles presentation
Mvt eagles presentationMvt eagles presentation
Mvt eagles presentationscabsrams
 
Unified Products and Services Inc. - Global Business for Global Community
Unified Products and Services Inc. - Global Business for Global CommunityUnified Products and Services Inc. - Global Business for Global Community
Unified Products and Services Inc. - Global Business for Global CommunityLouie Palang
 

Similar to Bootstrapping 101: how to found your startup and survive the first year? (20)

Prez Indreica Engleza
Prez Indreica EnglezaPrez Indreica Engleza
Prez Indreica Engleza
 
New btic presentation on website
New btic presentation on websiteNew btic presentation on website
New btic presentation on website
 
New btic presentation on website
New btic presentation on websiteNew btic presentation on website
New btic presentation on website
 
New btic presentation on website
New btic presentation on websiteNew btic presentation on website
New btic presentation on website
 
When I Stopped Trying To Get Rich Tomorrow and Focused On A Solid, PROVEN Met...
When I Stopped Trying To Get Rich Tomorrow and Focused On A Solid, PROVEN Met...When I Stopped Trying To Get Rich Tomorrow and Focused On A Solid, PROVEN Met...
When I Stopped Trying To Get Rich Tomorrow and Focused On A Solid, PROVEN Met...
 
SCnet Presentation - English Version
SCnet Presentation - English VersionSCnet Presentation - English Version
SCnet Presentation - English Version
 
Passive income with side projects
Passive income with side projectsPassive income with side projects
Passive income with side projects
 
U Vme
U VmeU Vme
U Vme
 
Everyone loves autopilot money
Everyone loves autopilot moneyEveryone loves autopilot money
Everyone loves autopilot money
 
Estimating revenues, costs_and_profits[1]
Estimating revenues, costs_and_profits[1]Estimating revenues, costs_and_profits[1]
Estimating revenues, costs_and_profits[1]
 
1 fashion global Presentation English
1 fashion global Presentation English1 fashion global Presentation English
1 fashion global Presentation English
 
DreamBuilders New Consultant Training
DreamBuilders New Consultant TrainingDreamBuilders New Consultant Training
DreamBuilders New Consultant Training
 
New btic presentation2
New btic presentation2New btic presentation2
New btic presentation2
 
Business Plan-Powerpoint Presentation
Business Plan-Powerpoint PresentationBusiness Plan-Powerpoint Presentation
Business Plan-Powerpoint Presentation
 
Make-money-for-watching-ads-
 Make-money-for-watching-ads- Make-money-for-watching-ads-
Make-money-for-watching-ads-
 
Empowerment through Enterprise - how to get your start up business off the gr...
Empowerment through Enterprise - how to get your start up business off the gr...Empowerment through Enterprise - how to get your start up business off the gr...
Empowerment through Enterprise - how to get your start up business off the gr...
 
What is corporate finance all about?
What is corporate finance all about?What is corporate finance all about?
What is corporate finance all about?
 
Mvt eagles presentation
Mvt eagles presentationMvt eagles presentation
Mvt eagles presentation
 
Mvt eagles presentation
Mvt eagles presentationMvt eagles presentation
Mvt eagles presentation
 
Unified Products and Services Inc. - Global Business for Global Community
Unified Products and Services Inc. - Global Business for Global CommunityUnified Products and Services Inc. - Global Business for Global Community
Unified Products and Services Inc. - Global Business for Global Community
 

More from France Digitale

France Digitale Tour 2019
France Digitale Tour 2019France Digitale Tour 2019
France Digitale Tour 2019France Digitale
 
Decoding the blockchain, workshop France Digitale CNP Assurances
Decoding the blockchain, workshop France Digitale CNP AssurancesDecoding the blockchain, workshop France Digitale CNP Assurances
Decoding the blockchain, workshop France Digitale CNP AssurancesFrance Digitale
 
#CFOCrunch Sogedev, Mad Mix Digital & Showroomprivé.com: La structuration de ...
#CFOCrunch Sogedev, Mad Mix Digital & Showroomprivé.com: La structuration de ...#CFOCrunch Sogedev, Mad Mix Digital & Showroomprivé.com: La structuration de ...
#CFOCrunch Sogedev, Mad Mix Digital & Showroomprivé.com: La structuration de ...France Digitale
 
Baromètre EY_FD 2014: La performance économique et sociale des startups numé...
Baromètre EY_FD 2014: La performance économique et sociale des startups numé...Baromètre EY_FD 2014: La performance économique et sociale des startups numé...
Baromètre EY_FD 2014: La performance économique et sociale des startups numé...France Digitale
 
CTO Crunch avec Julien Simon, Viadeo
CTO Crunch avec Julien Simon, ViadeoCTO Crunch avec Julien Simon, Viadeo
CTO Crunch avec Julien Simon, ViadeoFrance Digitale
 
CFO Crunch- CIR par Sogedev
CFO Crunch- CIR par SogedevCFO Crunch- CIR par Sogedev
CFO Crunch- CIR par SogedevFrance Digitale
 
Boosting Digital Startup Financing in Europe by France Digitale
Boosting Digital Startup Financing in Europe by France Digitale Boosting Digital Startup Financing in Europe by France Digitale
Boosting Digital Startup Financing in Europe by France Digitale France Digitale
 
CTO Crunch - Vide Dressing by Nuno Miller
CTO Crunch - Vide Dressing by Nuno MillerCTO Crunch - Vide Dressing by Nuno Miller
CTO Crunch - Vide Dressing by Nuno MillerFrance Digitale
 
Présentation A Little Market - CTO Crunch
Présentation A Little Market - CTO CrunchPrésentation A Little Market - CTO Crunch
Présentation A Little Market - CTO CrunchFrance Digitale
 
France Digitale in 20 slides
France Digitale in 20 slidesFrance Digitale in 20 slides
France Digitale in 20 slidesFrance Digitale
 
Social and economic performance of french digital startups - France Digitale ...
Social and economic performance of french digital startups - France Digitale ...Social and economic performance of french digital startups - France Digitale ...
Social and economic performance of french digital startups - France Digitale ...France Digitale
 
France Digitale, en 20 slides
France Digitale, en 20 slidesFrance Digitale, en 20 slides
France Digitale, en 20 slidesFrance Digitale
 
Startup 101 - Guide des startups
Startup 101 - Guide des startupsStartup 101 - Guide des startups
Startup 101 - Guide des startupsFrance Digitale
 
CTO Night France Digitale - Bienvenue Chez Kontest
CTO Night France Digitale - Bienvenue Chez KontestCTO Night France Digitale - Bienvenue Chez Kontest
CTO Night France Digitale - Bienvenue Chez KontestFrance Digitale
 
Sketch Board du France Digitale Day
Sketch Board du France Digitale DaySketch Board du France Digitale Day
Sketch Board du France Digitale DayFrance Digitale
 
Baromètre 2012-2013 - France Digitale EY
Baromètre 2012-2013 - France Digitale EYBaromètre 2012-2013 - France Digitale EY
Baromètre 2012-2013 - France Digitale EYFrance Digitale
 
FRANCE DIGITALE Workshop Series #1- L'industrie du gaming -- The Money Makers
FRANCE DIGITALE Workshop Series #1- L'industrie du gaming -- The Money MakersFRANCE DIGITALE Workshop Series #1- L'industrie du gaming -- The Money Makers
FRANCE DIGITALE Workshop Series #1- L'industrie du gaming -- The Money MakersFrance Digitale
 

More from France Digitale (18)

France Digitale Tour 2019
France Digitale Tour 2019France Digitale Tour 2019
France Digitale Tour 2019
 
Decoding the blockchain, workshop France Digitale CNP Assurances
Decoding the blockchain, workshop France Digitale CNP AssurancesDecoding the blockchain, workshop France Digitale CNP Assurances
Decoding the blockchain, workshop France Digitale CNP Assurances
 
#CFOCrunch Sogedev, Mad Mix Digital & Showroomprivé.com: La structuration de ...
#CFOCrunch Sogedev, Mad Mix Digital & Showroomprivé.com: La structuration de ...#CFOCrunch Sogedev, Mad Mix Digital & Showroomprivé.com: La structuration de ...
#CFOCrunch Sogedev, Mad Mix Digital & Showroomprivé.com: La structuration de ...
 
Barometer EY-FD 2015
Barometer EY-FD 2015Barometer EY-FD 2015
Barometer EY-FD 2015
 
Baromètre EY_FD 2014: La performance économique et sociale des startups numé...
Baromètre EY_FD 2014: La performance économique et sociale des startups numé...Baromètre EY_FD 2014: La performance économique et sociale des startups numé...
Baromètre EY_FD 2014: La performance économique et sociale des startups numé...
 
CTO Crunch avec Julien Simon, Viadeo
CTO Crunch avec Julien Simon, ViadeoCTO Crunch avec Julien Simon, Viadeo
CTO Crunch avec Julien Simon, Viadeo
 
CFO Crunch- CIR par Sogedev
CFO Crunch- CIR par SogedevCFO Crunch- CIR par Sogedev
CFO Crunch- CIR par Sogedev
 
Boosting Digital Startup Financing in Europe by France Digitale
Boosting Digital Startup Financing in Europe by France Digitale Boosting Digital Startup Financing in Europe by France Digitale
Boosting Digital Startup Financing in Europe by France Digitale
 
CTO Crunch - Vide Dressing by Nuno Miller
CTO Crunch - Vide Dressing by Nuno MillerCTO Crunch - Vide Dressing by Nuno Miller
CTO Crunch - Vide Dressing by Nuno Miller
 
Présentation A Little Market - CTO Crunch
Présentation A Little Market - CTO CrunchPrésentation A Little Market - CTO Crunch
Présentation A Little Market - CTO Crunch
 
France Digitale in 20 slides
France Digitale in 20 slidesFrance Digitale in 20 slides
France Digitale in 20 slides
 
Social and economic performance of french digital startups - France Digitale ...
Social and economic performance of french digital startups - France Digitale ...Social and economic performance of french digital startups - France Digitale ...
Social and economic performance of french digital startups - France Digitale ...
 
France Digitale, en 20 slides
France Digitale, en 20 slidesFrance Digitale, en 20 slides
France Digitale, en 20 slides
 
Startup 101 - Guide des startups
Startup 101 - Guide des startupsStartup 101 - Guide des startups
Startup 101 - Guide des startups
 
CTO Night France Digitale - Bienvenue Chez Kontest
CTO Night France Digitale - Bienvenue Chez KontestCTO Night France Digitale - Bienvenue Chez Kontest
CTO Night France Digitale - Bienvenue Chez Kontest
 
Sketch Board du France Digitale Day
Sketch Board du France Digitale DaySketch Board du France Digitale Day
Sketch Board du France Digitale Day
 
Baromètre 2012-2013 - France Digitale EY
Baromètre 2012-2013 - France Digitale EYBaromètre 2012-2013 - France Digitale EY
Baromètre 2012-2013 - France Digitale EY
 
FRANCE DIGITALE Workshop Series #1- L'industrie du gaming -- The Money Makers
FRANCE DIGITALE Workshop Series #1- L'industrie du gaming -- The Money MakersFRANCE DIGITALE Workshop Series #1- L'industrie du gaming -- The Money Makers
FRANCE DIGITALE Workshop Series #1- L'industrie du gaming -- The Money Makers
 

Recently uploaded

8447779800, Low rate Call girls in Uttam Nagar Delhi NCR
8447779800, Low rate Call girls in Uttam Nagar Delhi NCR8447779800, Low rate Call girls in Uttam Nagar Delhi NCR
8447779800, Low rate Call girls in Uttam Nagar Delhi NCRashishs7044
 
1911 Gold Corporate Presentation Apr 2024.pdf
1911 Gold Corporate Presentation Apr 2024.pdf1911 Gold Corporate Presentation Apr 2024.pdf
1911 Gold Corporate Presentation Apr 2024.pdfShaun Heinrichs
 
Flow Your Strategy at Flight Levels Day 2024
Flow Your Strategy at Flight Levels Day 2024Flow Your Strategy at Flight Levels Day 2024
Flow Your Strategy at Flight Levels Day 2024Kirill Klimov
 
Innovation Conference 5th March 2024.pdf
Innovation Conference 5th March 2024.pdfInnovation Conference 5th March 2024.pdf
Innovation Conference 5th March 2024.pdfrichard876048
 
PB Project 1: Exploring Your Personal Brand
PB Project 1: Exploring Your Personal BrandPB Project 1: Exploring Your Personal Brand
PB Project 1: Exploring Your Personal BrandSharisaBethune
 
Call US-88OO1O2216 Call Girls In Mahipalpur Female Escort Service
Call US-88OO1O2216 Call Girls In Mahipalpur Female Escort ServiceCall US-88OO1O2216 Call Girls In Mahipalpur Female Escort Service
Call US-88OO1O2216 Call Girls In Mahipalpur Female Escort Servicecallgirls2057
 
8447779800, Low rate Call girls in Kotla Mubarakpur Delhi NCR
8447779800, Low rate Call girls in Kotla Mubarakpur Delhi NCR8447779800, Low rate Call girls in Kotla Mubarakpur Delhi NCR
8447779800, Low rate Call girls in Kotla Mubarakpur Delhi NCRashishs7044
 
Market Sizes Sample Report - 2024 Edition
Market Sizes Sample Report - 2024 EditionMarket Sizes Sample Report - 2024 Edition
Market Sizes Sample Report - 2024 EditionMintel Group
 
Unlocking the Future: Explore Web 3.0 Workshop to Start Earning Today!
Unlocking the Future: Explore Web 3.0 Workshop to Start Earning Today!Unlocking the Future: Explore Web 3.0 Workshop to Start Earning Today!
Unlocking the Future: Explore Web 3.0 Workshop to Start Earning Today!Doge Mining Website
 
Buy gmail accounts.pdf Buy Old Gmail Accounts
Buy gmail accounts.pdf Buy Old Gmail AccountsBuy gmail accounts.pdf Buy Old Gmail Accounts
Buy gmail accounts.pdf Buy Old Gmail AccountsBuy Verified Accounts
 
8447779800, Low rate Call girls in New Ashok Nagar Delhi NCR
8447779800, Low rate Call girls in New Ashok Nagar Delhi NCR8447779800, Low rate Call girls in New Ashok Nagar Delhi NCR
8447779800, Low rate Call girls in New Ashok Nagar Delhi NCRashishs7044
 
Financial-Statement-Analysis-of-Coca-cola-Company.pptx
Financial-Statement-Analysis-of-Coca-cola-Company.pptxFinancial-Statement-Analysis-of-Coca-cola-Company.pptx
Financial-Statement-Analysis-of-Coca-cola-Company.pptxsaniyaimamuddin
 
Darshan Hiranandani [News About Next CEO].pdf
Darshan Hiranandani [News About Next CEO].pdfDarshan Hiranandani [News About Next CEO].pdf
Darshan Hiranandani [News About Next CEO].pdfShashank Mehta
 
Entrepreneurship lessons in Philippines
Entrepreneurship lessons in  PhilippinesEntrepreneurship lessons in  Philippines
Entrepreneurship lessons in PhilippinesDavidSamuel525586
 
(Best) ENJOY Call Girls in Faridabad Ex | 8377087607
(Best) ENJOY Call Girls in Faridabad Ex | 8377087607(Best) ENJOY Call Girls in Faridabad Ex | 8377087607
(Best) ENJOY Call Girls in Faridabad Ex | 8377087607dollysharma2066
 
International Business Environments and Operations 16th Global Edition test b...
International Business Environments and Operations 16th Global Edition test b...International Business Environments and Operations 16th Global Edition test b...
International Business Environments and Operations 16th Global Edition test b...ssuserf63bd7
 

Recently uploaded (20)

Japan IT Week 2024 Brochure by 47Billion (English)
Japan IT Week 2024 Brochure by 47Billion (English)Japan IT Week 2024 Brochure by 47Billion (English)
Japan IT Week 2024 Brochure by 47Billion (English)
 
Enjoy ➥8448380779▻ Call Girls In Sector 18 Noida Escorts Delhi NCR
Enjoy ➥8448380779▻ Call Girls In Sector 18 Noida Escorts Delhi NCREnjoy ➥8448380779▻ Call Girls In Sector 18 Noida Escorts Delhi NCR
Enjoy ➥8448380779▻ Call Girls In Sector 18 Noida Escorts Delhi NCR
 
8447779800, Low rate Call girls in Uttam Nagar Delhi NCR
8447779800, Low rate Call girls in Uttam Nagar Delhi NCR8447779800, Low rate Call girls in Uttam Nagar Delhi NCR
8447779800, Low rate Call girls in Uttam Nagar Delhi NCR
 
1911 Gold Corporate Presentation Apr 2024.pdf
1911 Gold Corporate Presentation Apr 2024.pdf1911 Gold Corporate Presentation Apr 2024.pdf
1911 Gold Corporate Presentation Apr 2024.pdf
 
Corporate Profile 47Billion Information Technology
Corporate Profile 47Billion Information TechnologyCorporate Profile 47Billion Information Technology
Corporate Profile 47Billion Information Technology
 
Flow Your Strategy at Flight Levels Day 2024
Flow Your Strategy at Flight Levels Day 2024Flow Your Strategy at Flight Levels Day 2024
Flow Your Strategy at Flight Levels Day 2024
 
Innovation Conference 5th March 2024.pdf
Innovation Conference 5th March 2024.pdfInnovation Conference 5th March 2024.pdf
Innovation Conference 5th March 2024.pdf
 
PB Project 1: Exploring Your Personal Brand
PB Project 1: Exploring Your Personal BrandPB Project 1: Exploring Your Personal Brand
PB Project 1: Exploring Your Personal Brand
 
Call US-88OO1O2216 Call Girls In Mahipalpur Female Escort Service
Call US-88OO1O2216 Call Girls In Mahipalpur Female Escort ServiceCall US-88OO1O2216 Call Girls In Mahipalpur Female Escort Service
Call US-88OO1O2216 Call Girls In Mahipalpur Female Escort Service
 
8447779800, Low rate Call girls in Kotla Mubarakpur Delhi NCR
8447779800, Low rate Call girls in Kotla Mubarakpur Delhi NCR8447779800, Low rate Call girls in Kotla Mubarakpur Delhi NCR
8447779800, Low rate Call girls in Kotla Mubarakpur Delhi NCR
 
Market Sizes Sample Report - 2024 Edition
Market Sizes Sample Report - 2024 EditionMarket Sizes Sample Report - 2024 Edition
Market Sizes Sample Report - 2024 Edition
 
Unlocking the Future: Explore Web 3.0 Workshop to Start Earning Today!
Unlocking the Future: Explore Web 3.0 Workshop to Start Earning Today!Unlocking the Future: Explore Web 3.0 Workshop to Start Earning Today!
Unlocking the Future: Explore Web 3.0 Workshop to Start Earning Today!
 
Buy gmail accounts.pdf Buy Old Gmail Accounts
Buy gmail accounts.pdf Buy Old Gmail AccountsBuy gmail accounts.pdf Buy Old Gmail Accounts
Buy gmail accounts.pdf Buy Old Gmail Accounts
 
8447779800, Low rate Call girls in New Ashok Nagar Delhi NCR
8447779800, Low rate Call girls in New Ashok Nagar Delhi NCR8447779800, Low rate Call girls in New Ashok Nagar Delhi NCR
8447779800, Low rate Call girls in New Ashok Nagar Delhi NCR
 
Financial-Statement-Analysis-of-Coca-cola-Company.pptx
Financial-Statement-Analysis-of-Coca-cola-Company.pptxFinancial-Statement-Analysis-of-Coca-cola-Company.pptx
Financial-Statement-Analysis-of-Coca-cola-Company.pptx
 
Call Us ➥9319373153▻Call Girls In North Goa
Call Us ➥9319373153▻Call Girls In North GoaCall Us ➥9319373153▻Call Girls In North Goa
Call Us ➥9319373153▻Call Girls In North Goa
 
Darshan Hiranandani [News About Next CEO].pdf
Darshan Hiranandani [News About Next CEO].pdfDarshan Hiranandani [News About Next CEO].pdf
Darshan Hiranandani [News About Next CEO].pdf
 
Entrepreneurship lessons in Philippines
Entrepreneurship lessons in  PhilippinesEntrepreneurship lessons in  Philippines
Entrepreneurship lessons in Philippines
 
(Best) ENJOY Call Girls in Faridabad Ex | 8377087607
(Best) ENJOY Call Girls in Faridabad Ex | 8377087607(Best) ENJOY Call Girls in Faridabad Ex | 8377087607
(Best) ENJOY Call Girls in Faridabad Ex | 8377087607
 
International Business Environments and Operations 16th Global Edition test b...
International Business Environments and Operations 16th Global Edition test b...International Business Environments and Operations 16th Global Edition test b...
International Business Environments and Operations 16th Global Edition test b...
 

Bootstrapping 101: how to found your startup and survive the first year?

  • 1. Bootstrapping 101
 How to quit your job, found your startup and survive the first year?
  • 2. You would LOVE to launch your startup
  • 3. But you don’t know how to survive
  • 4. You already know that bootstrapping and fundraising don’t have to be enemies*. If you don’t check out this awesome presentation. Most entrepreneurs have to bootstrap at least the first year.
  • 5. Now it’s time to learn to bootstrap.
  • 6. Welcome to the bootstrapping startup founder handbook
  • 7. Oh, btw… they all bootstrapped
  • 8. 
 An alliance of the best entrepreneurs & investors in France
 built to create more world-class digital champions. ! We lobby to make a startup-friendlier environment and host incredible events. ! Interested in being part of this amazing community*? Drop us an email click! * more info: www.francedigitale.org
  • 9. Part 1. The challenge
  • 10. What are the main issues? (spoiler: being able to pay for the MVL*) You will most certainly not be profitable at first 
 (And that time might last for a while) some startupers call it “eternity“ So you have to cover your cash burn with savings & revenue.
 Then the first question will be: what is your surviving time? * Minimum Viable Life
  • 11. The Golden Formula 
 SURVIVING TIME = revenue 
 
 + savings - personal cash burn - venture cash burn let’s look at the PCB & VCB in details * liste des principales aides françaises en annexe
  • 12. Part 2. The CashBurn
  • 13. Inside the PCB: PERSONAL CashBurn The cashburn is the amount of money you spend each month on average. ACCOMMODATION 1000€ Don’t forget the income tax (more info in appendix) FOOD OTHER 300€ 250€ next slide estimation in Paris for 1 person : 1550€/month + income tax Appendix: more details about average costs in Paris for yourself Since tech startups almost make 0 revenue the early days, and investors need
 a proof of concept, you basically have to cover the PCB AND your venture cash burn.
  • 14. Inside the VCB: VENTURE CashBurn Costs depend on your resources & strategy: 
 Do you have to rent a place? Do you have all skills you need within your current team? 
 Do you want to hire an intern? Do you want to do the accounting yourself? Will you print communication materials? etc. RENT 400€ SERVICES 400€ OTHER 100€ estimation in Paris : 900€/month minimum Appendix: more details about average costs in Paris for your venture Once I calculated the Total Cash Burn (PCB+VCB) how do cover it? next slides
  • 16. Covering the PCB + VCB The ultimate hack: having enough savings (+passive revenue)
 to cover the 1st year* expenses. We said, on monthly average : PCB + VCB = 1550 + 900/2** = 2000€ 
 So you’re good if you’ve got (2000)*12 = 24000€ in bank + your income tax * you’ll probably have 0 revenue the 1st year ** divide the VCB by the number of co-founders
  • 17. Covering the PCB + VCB In France, we have unemployment benefits, which are a great way to allow you to build your business. It’s around 50% of your previous wages (more infos) - that can cover a good portion of your monthly cashburn. If you don’t, you’ll have to use the Bootstrapper Toolkit. next slide
  • 18. The Bootstrapper Toolkit If you don’t have enough here are your options: 1-to-1 TEACHING between 15-50€/hr, average 25€. 
 GRADUATE SCHOOL TEACHING between 50-150€/hr, average 70€. 
 Tips: use hellomentor to avoid losing time commuting Tips: offer your services around may-june for the coming year FREELANCING between 300-1000€/day, average 500€. 
 CUSTOM DEVELOPMENT between 400-700€/day, average 500€. 
 RELATIONSHIP Tips: try to have made a network of freelancers with complementary skills Tips: try to develop features that you could use your lovely mate/family is taking care of your the bills.
 Tips: try to be in a relationship before you need cash si vous êtes français reportez vous à l’annexe pour un récapitulatif des principales aides
  • 19. The Bootstrapper Toolkit But always remember to succeed in your venture, you need: TIME ENERGY FOCUS So you need to find the right balance between generating money and time/energy/focus
  • 20. The Bootstrapper Toolkit Also, don’t forget the sharing economy! 1 you can rent your flat
 2 you can rent your car
 3 you can share your travel expenses
 use airbnb or bedycasa (40-100€ per night) use drivy or ouicar or deways (30-100€ per day) use BlaBlaCar
  • 21. Part 4. Case studies
  • 22. CASE STUDY Alexandre Dana,
 CEO Hellomentor This amazing picture was taken by Antoine Duchamp, for free because Hellomentor is a member of France Digitale.
  • 23. TOTAL CASHBURN (TCB) PBC = 520€/month* * living at his parents VBC = 1000€/month** ** 3 co-founders in the startup FOOD INTERNSHIP*** 400€ 700€ TRAVEL OTHER 60€ 60€ RENT 70€ (ESCP incubator) *** not the full year TCB = (520+1000/3)*12 = 853*12 = 10240€/yr OTHER 230€
  • 24. BOOTSTRAPPER TOOLKIT 1-to-1 TEACHING 3200€ the first year* courses in economy for high school & college + coaching for job interviews RELATIONSHIP “I did not left home so I hadn’t to pay for a flat. None of the cofounders had the unemployment benefits (only 6 months of internship before) and we could not have the RSA (less than 25 years old)“ * directly via Hellomentor
  • 25. PRO TIPS “You have to be really fair between co-founders.
 If you make 5000€ in freelancing and your co-founder works on the startup you’ll have to split the 5K. Be really transparent about the income & the needs.“
  • 27. TOTAL CASHBURN (TCB) PBC = 850€/month* * living with his girlfriend RENT VBC = not disclosed
 550€ let’s assume around 1K/month, 3 co-founders FOOD OTHER 200€ 100€ TCB = (850+1000/3)*12 = 1183*12 = 14200€/yr
  • 28. BOOTSTRAPPER TOOLKIT CUSTOM DEVELOPMENT 10000€+ the first year “We had custom development on our core features we might never use later on but that paid well. And it’s always better than freelancing or giving courses, we stayed more focus and worked together. Eventually, we learned in the process about the market & its demands and about the technologies we used“ RELATIONSHIP “I had the luck to have a girlfriend that paid the bills and was helped by my parents in the beginning. I didn’t get unemployment benefits since I hadn’t worked long enough before and no RSA since I was too young.“
  • 29. PRO TIPS 1 Cook for your team in the early days, it will cost you less than 10€ per meal for 3 people. 2 3 No salaries for the founders the first year to be able to recruit sooner. ! ! Try not to rent an office first but to share your flat with your teammates.
 4 Don’t waste your time with contests and subventions: clients first.
 5 If you need revenue do custom development, you’ll lose less focus than courses and so on. 6 Try to have all the competences within your team: no internship, no recruitment needed to build your MVP if possible.
  • 30. And remember it’s not a one-time decision Wisembly raised $2M 4 years after they were born
 Hellomentor raised 200K€ the first year
 GITHUB eventually raised $100M.
  • 31. If you want to raise money, don’t hesitate to ask our dear partners
  • 32. click Check the second part of this presentation!
  • 33. Credit Discussion with lots of startuppers. 
 Two interviews: Alexandre Dana (CEO HelloMentor) & Guillaume Potier (CTO Wisembly) ! Special thanks to Emmanuelle Coulon, Melissa Blaustein & Taro Ugen, 
 the partners of France Digitale and all other commenters, including members of Facebook Group “French Startupers“ (to mention a few of them: Julien Guien, Cédric Giorgi, Eric Alessanri, Hugo Douchet) ! Images:
 
 South Umpqua Ranger Station Cabin, Umpqua Forest, Oregon - Ingram public domain ! Barbary Lion - Sir Alfred Edward Pease public domain August 2007 forest fire in Istria - Orlovic CC SA 3.0 ! U.S. Air Force Academy firefighters fight the Black Forest Fire near Colorado Springs Master Sgt. Christopher DeWitt public domain ! Conner prairie log cabin interior - Derek Jensen, CC BY 2.5
  • 34. Willy Braun GM France Digitale. willy@francedigitale.org www.francedigitale.org Mathieu Daix CMO France Digitale.
 mathieu@francedigitale.org
 www.francedigitale.org Want to be part of the amazing community
 of France Digitale ? click here* * or send me an email
  • 35. APPENDIX MAIN COSTS 
 & AIDES EN FRANCE
  • 36. MAIN COSTS IN PARIS FOR YOURSELF ADSL: 30€/month
 Mobile phone: 30€/month
 Mobile phone: 30€/month
 RATP: 60/month
 House insurance: 67€/month
 Electricity+Gas: 70€/month
 
 
 
 For a rent of 800€/month ! Entertaining: 120€/month Holiday+Travel: 50€/month Income Tax: around 30-60% (depends on the legal status of your 
 company and the amount of your previous wages)
  • 37. MAIN COSTS IN PARIS FOR YOUR VENTURE cost of creation in France: 250€ accounting: 1000€/yr minimum
 (check them)
 ! intern minimum gratification: 436€ design: [400-500]€ per man/day
 ! work station in Paris: [200-300]€ (check this website) hosting: around 30€/month
 (check them or OVH Kimsufi)
  • 38. PRÊTS D’HONNEURS Réseau France Initiative : montant moyen 8340€ en 2012, octroyé par un comité sur présentation d’un plan de création ou de reprise. Remboursement sur 2 à 5 ans. Scientipôle Initiative : 20000€ par fondateur max, 60 000€ max par entreprise. 
 Entreprise francilienne de moins de 3 ans avec potentiel de développement. 
 Fin R&D/amorçage commercial. Remboursement sur 5 ans. Réseau Entreprendre : soumis à l’adhésion dans le réseau. 15 000 à 90 000€. 
 Remboursable sur 5 ans. NACRE : prêt à taux 0 de 1000 à 10000€
  • 39. PRINCIPALES AIDES BPI Prêt à la Création d’Entreprise (PCE) : de 2000 à 7000€, sans caution ni garantie. Aide à la Création d'Entreprise Innovante (ACREI) : financer l’étude de faisabilité.
 Jusqu’à 30000€. Aide pour la Faisabilité de l'Innovation (AFI) : financer étude de faisabilité & intégration de compétence. Taux 0 remboursable en cas de succès. Avance+ : créances pour régler des grands donneurs d’ordres publics et privés (partage possible avec votre banque)
  • 40. AUTRES AIDES ACCRE : Exonération des charges sociales pendant 12 mois sur le salaire des
 créateurs. À demander lors de la création d’entreprise ou dans les 45 jours qui suivent.
 Pour les 18-25 ans ou 26-29 ans sans indemnisés par l’assurance chômage. Fonds de Garantie à l'Initiative des Femmes (FGIF) : Pour toute femme qui souhaite 
 créer, reprendre ou développer une entreprise. 70% de garantie du prêt.
 De 5000 à 22000€. Commission 2.5% du montant. Remboursable entre 2 et 7 ans.
  • 41. En savoir plus sur France Digitale