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Best of Bootstrapping: Bootstrapped First, Scaled with VC Funds to an Exit

If you haven't already, please study our free Bootstrapping Course and Investor Introductions page. When we spoke in 2019, Faction Founder Luke Norris had executed a tremendously effective Bootstrap First, Raise Money Later strategy from Colorado. Faction was recently acquired by ORIX. Sramana Mitra: Let's start at the very beginning of your journey. Where are you from? Where were you born, raised, and in what kind of background? Luke Norris: I was born in Nevada. Sramana Mitra: What's your background vis-a-vis education? Luke Norris: I'm a high school graduate. I was lucky to go to private school from K through 12. I was able to graduate rather early in high school. Sramana Mitra: What did you do after that? Luke Norris: At 15, I had my first company. It was a computer refurbishing business helping small to medium-sized businesses upgrade the computers they had. Soon thereafter, I got a full-time job at the age of 17 ....

New York , United States , Luke Norris , Sramana Mitra , Bootstrapping Course , Investor Introductions , Faction Founder Luke Norris , Bootstrap First , Raise Money Later , Sales Engineer ,

Best of Bootstrapping: Bootstrapped by Piggybacking to $6M from Romania

If you haven't already, please study our free Bootstrapping Course and Investor Introductions page. You may have read our PaaS coverage, as well as Bootstrapping by Piggybacking posts. Well, when we spoke in 2020, 123FormBuilder CEO Florin Cornianu had built a $6 million SaaS business using this methodology with just $1 million in funding. What's more, he had done it entirely from Romania and selling to largely a US customer base. Excellent story! Sramana Mitra: Let's start at the very beginning of your journey. Where are you from? Where were you born, raised, and in what kind of background? Florin Cornianu: I'm the CEO and Co-founder of 123FormBuilder. We are a form-building SaaS. The company is in Romania. I was born in a small city in the northern part of Romania. I'm an engineer by profession. I graduated with computer science degree from a large university in the city where I live. Sramana Mitra: When did you graduate? Florin ....

Google Adsense , Florin Cornianu , Sramana Mitra , Bootstrapping Course , Investor Introductions , Then Google ,

Best of Bootstrapping: Bootstrapped with Services from Wisconsin

If you haven't already, please study our free Bootstrapping Course and Investor Introductions page. SignalWire Founder CEO Anthony Minessale is building a very interesting programmable communication platform company that has its roots in Wisconsin. This conversation is from 2020. Sramana Mitra: Let's start at the very beginning of your journey. Where are you from? Where were you born, raised, and in what kind of background? Anthony Minessale: I'm from the Midwest. I live in Wisconsin where I've lived all my life. I have been involved in computers since high school. After high school, I became interested in how the internet works. At that time, the internet was starting to take off. I started to teach myself programming. I spent many years studying and trying to offer things like tech support. Sometime around late 90s, I started working with an ISP that was providing web hosting. It was a new idea of trying to consolidate web hosting into a more ....

United States , Sramana Mitra , Anthony Minessale , Bootstrapping Course , Investor Introductions , Silicon Valley ,

Best of Bootstrapping: Bootstrapped a Virtual Business to Scale

If you haven't already, please study our free Bootstrapping Course and Investor Introductions page. When we spoke in 2020, Lilia Stoyanov, CEO of Transformify, had built a virtual company with zero employees, all freelancers and scaled it without outside financing. Read on for more. Sramana Mitra: Let's start by introducing our audience to you. Where are you from? Where did you grow up? Let's start at the very beginning of your journey. Lilia Stoyanov: I was born in Bulgaria. It was part of the communist block before 1989. After that, I moved to the UK and I traveled a lot. At the very beginning, it was sports that made me more ambitious and more willing to try new things. When you compete, you never stop. To become a champion, you need to start over and over again. It wasn't a straightforward journey into entrepreneurship although I'm the ninth generation. My family is just from one place. They were consolidating businesses and traveling from ....

United Kingdom , Tel Aviv , Lilia Stoyanov , Sramana Mitra , Cola Enterprises , Bootstrapping Course , Investor Introductions , Excellence Award , Executive Degree ,

Best of Bootstrapping: What is the Best Bootstrapping Tactic for B2B Startups?

If you haven't already, please study our free Bootstrapping Course and Investor Introductions page. What is the best bootstrapping tactic for B2B startups? Solve an acute customer pain. Get paid an advance to do so. Leeyo Software Founder Jagan Reddy followed this strategy to bootstrap to $20 million. He built a niche software that solved a very specific problem and started selling it to enterprises for a lot of money. This story from 2016 is a textbook case study of how well you can scale with no outside financing if you can identify a burning pain point and customers who are willing to pay a LOT to solve that pain. Leeyo Software was acquired by Zuora in 2017. Sramana Mitra: Let's start at the very beginning of your journey. Where were you born, raised, and in what kind of background? Jagan Reddy: I was born in India. All my schooling was done in India. Sramana Mitra: Where in India? Jagan Reddy: In Chennai. My schooling was all done in ....

Tamil Nadu , Sramana Mitra , Jagan Reddy , Guru Nanak College , Leeyo Software , Leeyo Software Founder Jagan Reddy , Juniper Networks , Bootstrapping Course , Investor Introductions , Software Founder Jagan Reddy , Bay Area ,