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Bootstrapping: Why These Entrepreneurs Chose Bootstrapping instead of VCs and Are Happier AND Richer For It
Think bootstrapping a company and making money from the get go is a quaint so last century idea? Think again, and learn why these entrepreneurs prefer bootstrapping over VC funding. Learn the pros and cons of bootstrapping, and how and why they chose to do it this way.
ProductPlan, a homegrown startup here in Santa Barbara began with a 10 x 10 office and the goal to remain bootstrapped. Learn how Jim Semick and his partner Greg Goodman used their market validation and software skills to surface a good idea and get their product launched fast. ProductPlan has grown into a 30 person company with no outside funding.
Software companies aren't the only ones that are technical and VC funded. Learn how reformed startup technology player Scott Stephan turned a passion for making beer into a profitable fast growing brewery, Draughtsmen Aleworks, right here in Goleta without tapping into big finance capital.
In today’s investment first profit whenever VC world, setting up a small business to make money right away almost seems like a quaint, and old school. However, in listening to these entrepreneurs stories, it’s clear that not all paths to startup success travel through Silicon Valley or VCs . They all took the bootstrapping road (or dirt path?) less traveled, and most surprisingly, are better for it.
The Central Coast MIT Enterprise Forum hosts the region’s top business and technology events. Each month, we bring together veteran business leaders and experts to host events designed to educate, inform and inspire entrepreneurs.
Our Mission To promote a unique process and atmosphere to develop and strengthen the entrepreneurial community in the Central Coast through interaction with experienced executives who have successfully navigated the challenges of building an organization.
In 1986, the MIT Enterprise Forum of the Central Coast was established to serve the coastal business communities of Los Angeles, Ventura, and Santa Barbara counties. The Massachusetts Institute of Technology Enterprise Forum has 25 chapters worldwide, each offering unique programs and networking opportunities for entrepreneurs.
Presentations Early stage businesses face many common challenges. In case presentations, the Forum provides local entrepreneurs the opportunity to present their business plans during an open meeting before a panel of specially chosen business experts and an audience of peers and other people interested in business development. This Forum format provides the presenting companies an opportunity to receive feedback and suggestions for their businesses from experienced professionals.
Selected Topics Special topic presentations address current and specific challenges facing early stage businesses. A special panel of entrepreneurs and industry experts is assembled for an in-depth “round table” discussion of the issue.
MIT Enterprise Forum of the Central Coast is a 501(c)(3) nonprofit organization registered with the state of California, supported by individual and community contributions. Tax ID/EIN# 77-0248019
Think bootstrapping a company and making money from the get go is a quaint so last century idea? Think again, and learn why these entrepreneurs prefer bootstrapping over VC funding. Learn the pros and cons of bootstrapping, and how and why they chose to do it this way.
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