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Bootstrappers avoid outside money ties. Some start-up firms prefer to go it alone
At a time when commodity computing, open source software, and viral marketing are making it cheaper than ever to fund a start-up on a credit card or a loan from a rich uncle, the decision to forgo venture capital is becoming more common. Entrepreneurs and financiers agree bootstrapping is on the rise, though there are no statistics heralding the trend. And it’s happening even as venture firms, from Route 128 to Silicon Valley, are swimming in capital from pension funds, university endowments, and other limited partners seeking outsized returns.
By Robert Weisman, Globe Staff
Full Story: http://www.boston.com/business/articles/2007/02/05/bootstrappers_avoid_outside_money_ties/
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“Bootstrapping Your Business" by Greg Gianforte of RightNow Technologies of Bozeman, Montana http://www.matr.net/article-15668.html
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