Bootstrapping Course: Tackle Myths That Get in the Way

Two myths are tackled in our Udemy courses:

• Solo entrepreneurs do not succeed. Please study How To Succeed As A Solo Entrepreneur with Sramana Mitra.
• Women do not build Unicorns. Please study Keys To Success For Women Entrepreneurs with Sramana Mitra.

Don’t “Dream” – Establish Traction

If you have dreams of getting to millions of users, you need to think pragmatically about how you will meet this goal. Learn a series of questions Sramana uses to evaluate ideas.

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Bootstrapping Course: Bootstrapping vs. Venture Capital

Some business ideas are not fundable. This is where bootstrapping comes in. Learn how bootstrapping is fundamentally different than financing or venture capital.

If you are enjoying this course, check out 1Mby1M Basic, our curriculum-only option.

The 1Mby1M Curriculum has over 1000 case studies of real-life success stories. 

If you’re trying to assess why you’re getting rejections, use the 1Mby1M Self-Assessment.

We support your fund-raising efforts through personal introductions to investors.

Our mantra is, “Do not go to investors as beggars, go as kings.” You can study our Udemy course, Bootstrap First, Raise Money Later with Sramana Mitra to learn more.

Bootstrapping a Virtual Company to Scale: Lily Stoyanov, CEO of Transformify (Part 5)

Sramana Mitra: What metrics can you provide about how you’ve built your business from 2016 to 2020? How has your business grown?

Lily Stoyanov: Exponentially. Our business grew through very strong partnerships. We have usually more than 100% growth per month. This is happening because we identify the right partners.

Bootstrapping a Virtual Company to Scale: Lily Stoyanov, CEO of Transformify (Part 4)

Sramana Mitra: What is the PR angle to this?

Lily Stoyanov: We have an HR suite. The freelance marketplace is just one of the modules. We have freelancer/contingent workforce management software, which is something that comes after you hire freelancers from the freelance marketplace to manage the relationship with them over time and to use the same people.

Bootstrapping a Virtual Company to Scale: Lily Stoyanov, CEO of Transformify (Part 3)

Sramana Mitra: We are a completely remote company and we’ve been completely remote since 2010. When you started in 2016 as part of Virgin’s startup program, what were you going to do?

Lily Stoyanov: In 2016, we already had a product. We already had customers. 

Bootstrapping Course: Why is Bootstrapping Critical?

The need to raise venture capital is a myth. Many successful businesses start by using a bootstrap model. Entrepreneurship does not equal financing.

If you are enjoying this course, check out 1Mby1M Basic, our curriculum-only option.

The 1Mby1M Curriculum has over 1000 case studies of real-life success stories. 

If you’re trying to assess why you’re getting rejections, use the 1Mby1M Self-Assessment.

We support your fund-raising efforts through personal introductions to investors.

Bootstrapping a Virtual Company to Scale: Lily Stoyanov, CEO of Transformify (Part 2)

Lily Stoyanov: At that time, I already had an idea about Transformify. It started when I was still at Coca-Cola. When you lead a business transformation project, you know that processes need to be optimized and costs need to be cut. Inevitably, people lose their jobs.

Many companies were going through business transformation. The moment I saw this, I had an idea to combine my experience with a financial services company with the experience of a manager who has been hiring people for a very long period of time.

Bootstrapping Course: What is Bootstrapping?

Bootstrapping means building a business without external financing. See how this differs from businesses funded by investors.

If you are enjoying this course, check out 1Mby1M Basic, our curriculum-only option.

The 1Mby1M Curriculum has over 1000 case studies of real-life success stories. 

If you’re trying to assess why you’re getting rejections, use the 1Mby1M Self-Assessment.

We support your fund-raising efforts through personal introductions to investors.