Month: June 2010

Moving Cash Into & Out of Your Bootstrapped Startup

Don’t make an equity investment in your startup so that you can pay yourself a salary. Put enough money in to cover expenses in advance of revenue. Live off of savings. Why:  making an equity investment that you take back out as salary means that you are paying taxes for the roundtrip.  The combination of …

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Finding a Co-Founder: 3 Months Is a Long Time

This post builds on my earlier “Finding a Co-Founder” and “Compromise & Get Started” posts on the challenges with finding a co-founder for your software startup. It assumes you are working at least part time with a potential co-founder exploring if you can collaborate successfully and generate revenue from a new jointly developed product or …

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Finding A Co-Founder: Compromise & Get Started

Building on yesterday’s “Finding A Co-Founder” I want to identify a couple of common challenges to getting started with people you have had prior shared success with  and offer some suggestions for how to compromise and get started working with them. Reconnect with Folks You Have Successfully Collaborated With I suggested the following approach: Make …

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Treat Social Capital With the Same Care as Cash

Actively  Manage Expectations With Clear Communications Always Assume Everything You Do Will Become Public Listen For What Isn’t Being Said Predictable Behavior Inspires Trust Trust Doesn’t Scale, It’s Knit by Aligning Actions With Prior Commitments Related Posts Honesty in Negotiations The Business is Everyone’s Business Conserving Trust in a Downturn Bouncing Back

Are You Generating iPad Fishbowl Leads?

Two years ago we asked the question “Are You Generating iPod Fishbowl Leads” I was reminded of this by a recent post by Simon Favre “You Can’t Give Stuff Away Fast Enough” about his recent experiences at DAC 2010 working in both the Global Foundries (GF) and TSMC booths.

Rick Kadet on Cash Management at Bootstrappers Breakfast Tue

The Silicon Valley economy continues to test bootstrapping entrepreneurs cash management skills.  I took a look at Silicon Valley bankruptcy case filing statistics for the last decade (in particular for the San Jose court)  prompted by two recent articles in the San Jose Business Journal: May-1-2009 “Chapter 7 Bankruptcies up 35%” “We’re really seeing it …

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