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Bootstrapping gets startups going
Since I started writing the weekly Mind Your Business column for The Chronicle in the spring, I’ve gotten a lot of questions from readers about how to obtain resources to create a startup.
Often they ask, "How can I get venture capital funding?" But VC funding is hard to get — one estimate is that for every 1,000 startups that apply for VC funding, two actually get funded — and such financing is not appropriate for many kinds of businesses.
So how can you start a company with little cash? Some common solutions are borrowing from your friends and family, or taking out a home equity loan. But when I heard Bruce Maxwell talk about how to "bootstrap your startup" at a recent small-business conference, I knew this was something I needed to share with Chronicle readers.
Ilana DeBare, Chronicle Staff Writer
Full Story: http://www.sfgate.com/cgi-bin/article.cgi?f=/c/a/2005/11/29/BUGGNFSK121.DTL
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