The document discusses the concept of bootstrapping as a means to combat unemployment and economic challenges, emphasizing the need for entrepreneurs to create jobs. It argues that many successful companies have achieved significant market value through bootstrapping rather than relying solely on venture capital. The author advocates for policies that support personal entrepreneurship and dispels myths about bootstrapping being incompatible with growing large companies.

1. Sramana MitraBootstrapping, Weapon Of Mass Reconstruction

3. 30 m people unemployedUS deeply in debt – through 2019, avg. deficit $1 Trillion+ a yearCredit crunchVenture capital industry implodingObama more interested in healthcare reform than job creationJobless recovery on the wings of speculationWhere we are

4. “I am not a pessimist” -NourielRoubini (Dr. Doom)

5. We need 3 million entrepreneursTo create 30 million jobs

6. Why?Small portion of business ideas qualify for VCs

7. TAM = Total Available MarketVC = Large TAMVCs only fund very large market opportunities

8. Worth Building, thoughEspecially if you own 100%Many more $1m, $5m, $10m, $20m ideas than $500m ones

9. 90% owner of $5m company sold for $25mWhich entrepreneur makes more $$$?5% owner of $25m company sold for $100m$22.5m$5m

10. Weapon Of Mass ReconstructionHence, Bootstrapping

11. Personal Entrepreneurship Fund Like 401 (k) savings with tax incentiveWaive or defer college loans

12. Visa for immigrant entrepreneurs Policy

13. Yes you can.Myth: You cannot build a large company by bootstrapping

14. Finisar: Bootstrapping To Billions [EJ1] - $5b market cap in 2001RightNow: The Montana Mogul [EJ2] - $500m market cap in 2009SuccessFactors: Silicon Lazarus [EJ2] - $875m market cap in 2009Stories

15. On the contrary.Bootstrap the early stage. Raise money later. Preserve more equity.Myth: Bootstrapping & Venture Capital are mutually exclusive

16. Don’t build anything until you have validated your concept.Myth: Need to build a prototype to start selling.

17. Avoid very large funds.Bootstrap first.Mentor Capital, not Venture Capital

18. Bootstrap a venture.If you have been laid off, create your own job.

19. Book raffleQ&A

20. All Books on AmazonEntrepreneur Journeys (Volume One)Bootstrapping, Weapon of Mass Reconstruction (EJ2)Positioning, How To Test, Validate, And Bring Your Idea To Market (EJ3)Also, free online strategy roundtables for entrepreneursNext: Jan 14, 21, 28Resources