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Best of Bootstrapping: Bootstrapping with Services

Posted on Friday, May 10th 2019

As I started analyzing various paths to success via bootstrapping, a second formula also became absolutely obvious: doing services projects and then formulating a product through that process. We gave this a name: Bootstrapping with Services, and published a book on the subject:

Entrepreneur Journeys Bootstrapping Using Services (Available for order from Amazon Kindle)

Over 99% of entrepreneurs who seek financing get rejected. The seed capital gap leaves many entrepreneurs struggling to get their businesses off the ground. Bootstrapping, a tried and true method to self-fund a business, is a must to bridge this gap in seed funding. And offering a service is one of the best ways to bootstrap.

Bootstrapping Using Services, the eighth volume of Sramana Mitra’s Entrepreneur Journeys book series, turns the spotlight on entrepreneurs who have successfully bootstrapped their ventures using services, and in many cases, raised venture capital. As an entrepreneur, writer and founder of the One Million by One Million (1Mby1M) global virtual incubator, Sramana gives readers a seat at the table with eight successful entrepreneurs during her in-depth interviews. She synthesizes what is learned in this inspiring and educational book for everyone looking to take their business concepts to the next level. You can order the book here.

Below are five case studies on the topic that you can read on the 1Mby1M blog:

  1. Bootstrapping Using Services to $40 Million: ActiveCampaign CEO Jason VandeBoom

This segment is a part in the series : Best of Bootstrapping

. Bootstrapping to an Exit
. Why is Bootstrapping Important?
. How Can You Play this Low-Probability Game Intelligently?
. Do NOT Go to VCs as Beggars - Go as Kings
. Excess is NOT Required for Success
. Bootstrap First and Raise Money Later
. Some Bootstrapping to Exit Case Studies
. The Buy Side of Bootstrapping to an Exit
. Blitzscaling vs. Bootstrapping
. Bootstrapping to Unicorns
. Cinedigm Acquires Bootstrapped 1Mby1M Company Future Today for $60 Million
. Mailchimp Bootstraps to $600M Revenue
. Bootstrapping from Arizona to $10 Million
. Bootstrapped Basecamp Executes a No Nonsense Strategy
. How Under30Experiences Bootstrapped to $5 Million
. Bootstrapping with a Paycheck
. How CEO Amjad Hussain Bootstrapped using Services from Michigan
. Seed Investors Who Like Bootstrapped Businesses
. How iHeartRaves CEO Bootstrapped a Niche e-Commerce Company to $20 Million
. Bootstrapping with Services
. How The Intern Group CEO David Lloyd Bootstrapped to $13 Million
. How Passageways CEO Paroon Chadha Bootstrapped from Indiana
. How SmartBuyGlasses CEO David Menning Bootstrapped to $50 Million
. Death by Overfunding
. How RainmakerForce CEO Mack Sundaram Bootstrapped Decisively to $5 Million+
. How FormAssembly CEO Bootstrapped a Virtual Company with a Paycheck
. TimeSlips CEO Mitch Russo Bootstrapped to Exit with Sage
. The VC-Entrepreneur Compensation Disbalance
. BioConnect CEO Bootstraps with Sophisticated Strategic Maneuvering
. Tremend CEO Marius Hanganu Bootstraps from Romania
. Gesture CEO Jim Alvarez Bootstraps to $10 Million
. SproutLoud CEO Bootstraps to $30 Million from Florida
. Tuft & Needle CEO Bootstraps to Over $100 Million
. Co-founders Bootstrap Linguamatics to Over $10M from the UK

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