Means your guessing and burning
The art of bootstrapping
retain control | no dilution
Get lean, at work and at home.
Explore consulting or other work options.
Leverage every dollar.
New hire programs
Loans for sales & marketing
Angel / Seed
Once you have a
validation, prototype, and
ideally paying customers
advance your idea | scale | investors
Failure is from a lack of paying
customers, not funding
planning | process | advisors
“Some people skate to the puck. I skate to where
the puck is going to be.”
Credit: Sporting News Archive
When starting, doing is more important
At some point you will need some
‘planning’ for growth
Knowing when to hit the gas pedal is key.
Scaling awareness too quickly can spell disaster
Important, but balance that ‘startup’
culture. Above all else, ensure you
have a culture of employee
Important to you as a founder, and to your company
Are you an entrepreneur, or empire builder?
Lean Startup + Early Exit
a winning combination
Which path is better?
reducing time to exit = reducing risk + enhances IRR
IPO / Exit
$150M at 10%
2 to 3 years
5 to 7 years
Source: “Exit Strategy for Startups”, VentureArchetypes, LLC
Have your “end game” exit
strategy on Day #1
Tell a good story, with passion
Specifics on potential of “together”
Vision of “what could be” in the future
Hire A+ finance & legal advisors
Clean house before diligence
Accepting applications for their next cohort.
Some of the photographs in this presentation were retrieved from Flickr and made available under a
Creative Commons license. Please refer to each photograph for a link to the image source.