On October 26-28, 2016, the workshop Bootstrapping 2016 will be held in San Francisco.
It's not by chance that we selected San Francisco as a venue for bootstrapping workshop. San Francisco is the city associated with entrepreneurship and burgeoning startup culture.
Bootstrapping stands for a self-starting process in which a business starts with little capital, evolving and expanding as the operating revenues without external input of capital. How to launch a business with little or no cash and no access to credit? Apply bootstrapping concept.
The workshop provides guidance on bootstrapping a startup and hands-on training on selling high-margin products, services and building strategic partnerships.
The workshop offers entrepreneurs the chance to exchange ideas with peers and help make their dreams a reality.
No venture capital, no bank loans or angel investors, instead entrepreneur relies on hard work and personal starting capital to launch a venture.
Businesses funded by bootstrapping usually go through two stages:
- Seed money: This comes from personal savings or by borrowing just enough money from friends and family to cover startup costs. Some entrepreneurs took another job to earn additional funds to support the project.
- Customer funding: During this second stage, entrepreneurs reinvest any customer revenues back into the business to further its growth. Growth is organical and usually somewhat slow, as any earned money needs to cover operating costs for the business to stay afloat.
If you are hesitant to take a bootstrapping path, check out this list of high profile companies that began with bootstrapping: Github, Storm 8, Braintree, Techcrunch, Indeed and many others.