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Partner Event (ENET): Bootstrapping 101: Alternative Ways to fund a Startup without an Angel or VC
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11/5/2013
When: November 5, 2013
From 7:00 PM to 10:00 PM
Where: Constant Contact
1601 Trapelo Rd
The Great Room, 3rd floor
Waltham, Massachusetts 
United States
Contact: Maureen Mansfield

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ENET


Bootstrapping 101: Alternative Ways to fund a Startup without an Angel or VC

Surveys indicate that for the year ended, 2011, of the 543,000 new business created in the U.S., only 29,626 (that is, only 5%) received VC or angel investor funding at the seed or early stage startup phase. And for many companies lack of VC or angel investment did not impede growth. In August 2012, Inc. Magazine published its list of the 500 Fastest Growing Private Companies in the U.S., and 77% of the founders of those companies set up using only their own personal savings, with two thirds needing less than $100,000 to get started. And while 34% stated that access to external capital has been essential for growth, 42% have not utilized external funding in developing their business. 74% have financed their growth over the past three years largely through cash flow from operations. Apple, Google and HP all began in garages with free rent. So, how do you do it? In a word – Bootstrapping. That is - using your own resources and effectively managing your cash flow to internally generate the funds that you need to operate your startup business.
 
Our speakers include an attorney who will show you how to leverage funding from the SBIR program and two experienced CEOs who have also built their business by bootstrapping without VC or angel investment until they achieved important milestones and were well on their away, and one case which leveraged a strategic partnership all the way through to the successful acquisition exit.

Panel
Nick Dougherty, CEO and co-founder of Verbal Applications Inc.
Jacob N. (Jesse) Erlich, Partner at Burns & Levinson, LLP
Ken Deckinger, Entrepreneur, Co-Founder & former CEO of HurryDate
 
Moderator
Robert Weber, Managing Director, Patent Kinetics, LLC
 
Organizer
Michael S. Chester, President, International Manufacturing Consultants
 

Register for this event directly on our partner's site. Registration is Free for IEEE ENET Members and $20 for regular admittance (non-member and guest).



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