Successfully reported this slideshow.
We use your LinkedIn profile and activity data to personalize ads and to show you more relevant ads. You can change your ad preferences anytime.

Boostrapping WMR

0 views

Published on

This is a presentation on Bootstrapping that addresses some of the key issues that are either poorly understood or not understood at all.

Published in: Business, Economy & Finance
  • Be the first to comment

  • Be the first to like this

Boostrapping WMR

  1. Sramana Mitra<br />Bootstrapping, Weapon Of Mass Reconstruction<br />
  2. 30 m people unemployed<br />US deeply in debt – through 2019, avg. deficit $1 Trillion+ a year<br />Credit crunch<br />Venture capital industry imploding<br />Obama more interested in healthcare reform than job creation<br />Jobless recovery on the wings of speculation<br />Where we are<br />
  3. “I am not a pessimist” -<br />NourielRoubini<br /> (Dr. Doom)<br />
  4. We need 3 million entrepreneurs<br />To create 30 million jobs<br />
  5. Why?<br />Small portion of business ideas qualify for VCs <br />
  6. TAM = Total Available Market<br />VC = Large TAM<br />VCs only fund very large market opportunities<br />
  7. Worth Building, though<br />Especially if you own 100%<br />Many more $1m, $5m, $10m, $20m ideas than $500m ones<br />
  8. 90% owner of $5m company sold for $25m<br />Which entrepreneur makes more $$$?<br />5% owner of $25m company sold for $100m<br />$22.5m<br />$5m<br />
  9. Weapon Of Mass Reconstruction<br />Hence, Bootstrapping<br />
  10. <ul><li>Personal Entrepreneurship Fund </li></ul>Like 401 (k) savings with tax incentive<br /><ul><li>Waive or defer college loans
  11. Visa for immigrant entrepreneurs </li></ul>Policy<br />
  12. Yes you can.<br />Myth: You cannot build a large company by bootstrapping<br />
  13. Finisar: Bootstrapping To Billions [EJ1] - $5b market cap in 2001<br />RightNow: The Montana Mogul [EJ2] - $500m market cap in 2009<br />SuccessFactors: Silicon Lazarus [EJ2] - $875m market cap in 2009<br />Stories<br />
  14. On the contrary.<br />Bootstrap the early stage. <br />Raise money later. <br />Preserve more equity.<br />Myth: Bootstrapping & Venture Capital are mutually exclusive<br />
  15. Don’t build anything until you have validated your concept.<br />Myth: Need to build a prototype to start selling.<br />
  16. Avoid very large funds.<br />Bootstrap first.<br />Mentor Capital, not Venture Capital<br />
  17. Bootstrap a venture.<br />If you have been laid off, create your own job.<br />
  18. Book raffle<br />Q&A<br />
  19. All Books on Amazon<br />Entrepreneur Journeys (Volume One)<br />Bootstrapping, Weapon of Mass Reconstruction (EJ2)<br />Positioning, How To Test, Validate, And Bring Your Idea To Market (EJ3)<br />Also, free online strategy roundtables for entrepreneurs<br />Next: Jan 14, 21, 28<br />Resources<br />
  20. www.sramanamitra.com<br />

×