Bootstrapping: Still a Great Way to Raise Money
Roizen talks about the importance of bootstrapping, and maintaining control of the company in the early stages. Not only do entrepreneurs have to work for a living but they also have to make the money raised last for a longer time. When capital became easily available people stopped making the money the old fashion way, by working. If you create profit, shareholder value will definitely follow. If you make profits you don’t need other people to invest in your company. This is a great advantage.
Please visit the Stanford Technology Venture Program’s Educator’s Corner for more clips.
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