I know I have a number of readers at various universities … can anyone comment on a business school (or just any old college or university program) where bootstrapping is taught as part of the entrepreneurship curriculum?
Of course, I am a HUGE proponent of bootstrapping, having written the recent book, Bootstrapping: Weapon Of Mass Reconstruction, as part of the Entrepreneur Journeys (EJ) series. The EJ Methodology is heavily rooted in using bootstrapping to get an idea validated, and raising money only after it has moved from being an idea to a business. I also regularly teach entrepreneurs to bootstrap their ventures at my weekly online strategy roundtables.
It is my observation that not bootstrapping and not validating their ideas with customers before going out to raise financing is one of the most common causes of the Infant Entrepreneur Mortality (IEM) disease. And b-schools seem to be spreading the IEM virus by encouraging entrepreneurs to raise VC money as an essential success factor. This led me to write the recent Forbes column, Why B-Schools Set Up Entrepreneurs To Fail?
This segment is a part in the series : Entrepreneurship Education