A presentation about Bootstrapping.

1. The Hidden Costs
Of Other People’s
Money

2. “If we had had money, we would
have made more mistakes. This
way, I wrote all my checks. I knew
where the money was going”
Tom Davis
(Modular Instruments)

3. Problems with raising too much
money

4. Symplex Communications
XYZ
Y X
Z George Brostoff

5. Diminishing Flexibility

6. Gammalinks
PC Buyers never
Communicator materialized 24
High Speed
Modem Dialog Didn’t get off
1
5000 Mailers 25 responses
for $1 each only
$7,00,000

7. Was the original
concept wrong or
was it poorly
executed?
Are we befooled
twice?

8. • COMPANY: Serrato Drywall Inc.
BUSINESS: Drywall construction
FOUNDED: 1994
START-UP CAPITAL: $400
1999 REVENUES: $1.5 million
2000 PROJECTED REVENUES: $1.8 million
• http://www.inc.com/magazine/20000701/195
36.html

9. • COMPANY: DocMan Technologies
BUSINESS: Electronic document-management
services
FOUNDED: 1994
START-UP CAPITAL: $500
1999 REVENUES: $1.5 million
2000 PROJECTED REVENUES: $2.2 million