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| Mar 02, 2006 12:00 am |
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re: re: Which Bootstrapping method makes the most sense? |
| James Griffin Media
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Hi Robert,
I didn't mean to suggest that the 'shotgun' approach was the best one but that in Travis's case he could just give that a go and see if it yielded anything.
In my experience, that founding route takes a lot of work, preparation and tenacity. And having a great plan isn't a guarantee to get funded.
If you just go in with a good exec. summary you'll either make the cut or not. If you make the cut just keeping working for each new step. But if you spend months and months a plan and thousands of dollars I think money and time could spent on higher yield activities.
I know many entrepreneurs view VC money as validation of their business or ideas.
In fact many entrepreneurs also view media attention or publicity as validation of their ideas or business. But the Segway is a perfect example of VC funding and publicity really meaning nothing to your financial
success.
Actually, I've got a small plan (3 pages), I'm polishing and tuning and then I'm just throwing it over the wall to a couple VC and angels I know. But that's it.
JamesPrivate Reply to James Griffin Media (new win) |
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