Comments on: External Funding vs Organic Growth

By: Steve Orenstein

Steve Orenstein — Mon, 21 Jun 2010 14:10:47 +0000

At Connect2Field we have been approached by VCs funding but we also believe that Bootstrapping is the way to go.

Building a business by bootstrapping means you have to focus on your customers as they are going to pay your bills so you can continue. This then means you are building a business which focuses 100% on the customers which in the long will mean you build a successful business.

It’s like anything if you are spending your own money you are careful at how you do it, if you are spending others you are less careful. Getting VC money will allow you to ramp up very quickly and burn through
money at a rapid rate this doesn’t necessarily mean you are building a long term successful business.

If your a startup, suck it up and bootstrap it… You enjoy the glory once you push through some hard times and come out owning a successful profitable company.

By: Jonathan Thomas

Jonathan Thomas — Thu, 17 Jun 2010 21:08:36 +0000

This is a kick ass way to start a business. It’s shocking that it has taken so long for ‘bootstrapping’ to be back in style. It proves that many small businesses don’t actually need banks and investors to get their business started – they just need to build a useful product that makes money.

By: Sherryl

Sherryl — Mon, 14 Jun 2010 23:00:31 +0000

Both KashFlow and Xero have gone about business in completely different ways, yet both are outstanding pieces of software that put to shame everything that has existed over the last 10 years.

Great work guys, keep it up