Guest Post: Bootstrapping on Steroids- Build an Internet, Technology or Software Company for Zero Dollars Part 1
This is the beginning of a 3 part series, courtesy of Alex Genadinik.
Introducing: Guest blogger and fellow Tweep Alex. Alex has a background in software engineering and is currently focused on building semantic systems for the business world. He is the founder of Semantic Valley, a web 3.0 start-up specializing in creating taxonomy and ontology based products. Their alpha-stage demo of a semantic search of shoes can be seen at MilderWilder.com. Say hello on Twitter too! @genadinik
There is a glut of overly optimistic blogs and articles giving advice and encouragement on entrepreneurship, innovation and fearlessness in the face of risk.
This can be quite misleading due to its authors’ success bias because they are the tiny percentage of people who have succeeded and are given a voice; among the infinitely many more people who have failed and whose stories are not widely read.
Unfortunately, chances are against most of us who try. The goal of this article is to offer suggestions on how to build a company and give it a chance to stand on its feet, while spending nothing more than the legal fee to register as a company. Hopefully it will afford you more time to try to build your company well.
What You Can Expect
During the bootstrapping stage the following milestones have to be accomplished in order to ensure the company is able to survive moving forward: