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The Art of
Bootstrapping
by
Vishal Chandra
VÄ«ryam




                 vīryam
Bed-time Stories for
  Entrepreneurs
                       vīryam
2 guys in
a garage
with a
great



        vīryam

 get
funded
quickly 





            vīryam

 loved by customers

have an amazing IPO !
                    vīryam
Time to
wake up to
reality


             vīryam
It’s good, but
 What do
                  it’s missing
you think of
                 something.
my business
  plan?




                           vīryam
If it just had
What’s
         more of a direct
that?
         sales model we
             would be
            interested.




                     vīryam
One WEEK later

                     Hmm

   We have     Looks OK, but
  beefed up     if it only had
  the direct        an OEM
    sales.          strategy.




                           vīryam
One WEEK later

                  I don’t see
  OK, we’ve   anything about
  added an       technology
    OEM       licensing. If you
   channel    just focused on
                     that...




                           vīryam
One WEEK later

                     You’re all over
  We’ve made         the map, and
 all the changes    your plan is very
 you suggested.       unfocussed.
 Will you invest?     We’ll have to
                         pass.



                                vīryam
It is not the
 VC’s job to
take the risk !



                  vīryam
10x




   The 10x Rule of VCs:
Thou shall focus only on that
  shall be the next Google

                             vīryam
Borrowed from
                the kitchen




    Get VC funded
Bootstrap your Startup
                         vīryam
maneuverable
small,
    is better than

bulky, too fast
 to change tracks




                        vīryam
Rules for
Bootstrapping
                vīryam
Solution
                     Operations
              IDEA


                     Business &
                     Revenue
Sales &
                      Model
Marketing
                           vīryam
Focus on function, not form

     Ship, then test
                        vīryam
Start as a service business
Forecast from the bottom up
  Focus on cash flow, not
        profitability
                            vīryam
Forget the “proven” team

       under-STAFF

Minimize your battle-fronts
                         vīryam
Position against the Leader

 GO direct to customers
                          vīryam
A
  N          C
        P   HL
W A
        P   AE
EMN
BOO T S T R A P
2   B       DNH
.   I         A
            W
0   L         R
            A
    E         M
            R
              A
            E
                 vīryam
Talk to the VCs






once in a while !
                     vīryam
VÄ«rya is a Sanskrit word
 which can be translated
  into English as “effort”,
“vigor”, “diligence”, “zeal,”
       and “energy”.

   vishal@viryam.com
    www.viryam.com



                      vīryam

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The Art of Bootstrapping

  • 1. The Art of Bootstrapping by Vishal Chandra VÄ«ryam vÄ«ryam
  • 2. Bed-time Stories for Entrepreneurs vÄ«ryam
  • 3. 2 guys in a garage with a great vÄ«ryam
  • 5. 
 loved by customers
 have an amazing IPO ! vÄ«ryam
  • 6. Time to wake up to reality vÄ«ryam
  • 7. It’s good, but What do it’s missing you think of something. my business plan? vÄ«ryam
  • 8. If it just had What’s more of a direct that? sales model we would be interested. vÄ«ryam
  • 9. One WEEK later
 Hmm
 We have Looks OK, but beefed up if it only had the direct an OEM sales. strategy. vÄ«ryam
  • 10. One WEEK later
 I don’t see OK, we’ve anything about added an technology OEM licensing. If you channel just focused on that... vÄ«ryam
  • 11. One WEEK later
 You’re all over We’ve made the map, and all the changes your plan is very you suggested. unfocussed. Will you invest? We’ll have to pass. vÄ«ryam
  • 12. It is not the VC’s job to take the risk ! vÄ«ryam
  • 13. 10x The 10x Rule of VCs: Thou shall focus only on that shall be the next Google vÄ«ryam
  • 14. Borrowed from the kitchen Get VC funded Bootstrap your Startup vÄ«ryam
  • 15. maneuverable small, is better than bulky, too fast to change tracks vÄ«ryam
  • 17. Solution Operations IDEA Business & Revenue Sales & Model Marketing vÄ«ryam
  • 18. Focus on function, not form Ship, then test vÄ«ryam
  • 19. Start as a service business Forecast from the bottom up Focus on cash flow, not profitability vÄ«ryam
  • 20. Forget the “proven” team under-STAFF Minimize your battle-fronts vÄ«ryam
  • 21. Position against the Leader GO direct to customers vÄ«ryam
  • 22. A N C P HL W A P AE EMN BOO T S T R A P 2 B DNH . I A W 0 L R A E M R A E vÄ«ryam
  • 23. Talk to the VCs
 
once in a while ! vÄ«ryam
  • 24. VÄ«rya is a Sanskrit word which can be translated into English as “effort”, “vigor”, “diligence”, “zeal,” and “energy”. vishal@viryam.com www.viryam.com vÄ«ryam