Saturday, September 07, 2013

To Bootstrap or Not to Bootstrap?

To bootstrap or not to bootstrap?  It is the difference between slowly gaining ground in growing a business versus giving up equity and rapidly growing by going after VC funds.

Cindy Padnos (pictured) is the founder and Managing Partner of Illuminate Ventures.
Padnos cites a statistic that women made up just 7 percent of partners in the tech sector among the 100 most active venture capital firms from 2009-2011. A white paper she published shows that women-operated, venture-backed high-tech companies average 12 percent higher annual revenues, using an average one-third less capital than male counterparts.
Read the entire article:  To pitch or not to pitch:  Silicon Valley women founders weight venture capital versus bootstrapping

Photo courtesy:  Steve Wilhelm

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