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Philadelphia, he knew right away that getting funding was going to be tough. some people were like, that s the coolest thing ever. other people were like, that s one way to pay your bills while you find something else. reporter: his bike laundry pickup and deliver service wash cycle laundry had a bit of an image issue. people are like how could you possibly service a large account on a bike? what do you do when it rains? like what about the snow? at first gabriel seriously considered just going at it alone. when i started the business i sort of thought that the savings in my bank account would be enough. and i was going to do it all myself. then, of course, like the savings in my bank account sort of ran out. but he realized that as he grew he would actually need some money. so he started out by bootstrapping it to show everyone, including investors, what the company was capable of. people have been initially skeptical about how whether this is a gimmick or whether it s ....
Portfolio companies don t even have a launch party for $125,000, much less actually launch. as bigger dollar amounts come in, gabriel says the bootstrapping has searched its purpose. and wash cycle laundry will be sticking to it. after we made it through the first winter, after we delivered our first million pounds, after we expanded to our second city, people started to really see the potential in it. and i think every time you show them it s a real business. for many entrepreneurs, it s not enough to just start a successful small business. they also want to give back. that s the case in chicago where one former veteran has expanded his barber shop business. it s allowing him to teach other veterans not only how to cut hair, but also how to start a company. nbc s ron mott has this inspirational story. for jerome williams taking care of number one means taking care of others. what s interesting is the location in a grocery store. how s that worked out? fantastic. he s a f ....
Three to six months. while people are getting up to speed, and they re going through a preapproved training curriculum. so that s huge. employees are also cross-trained. so that they can understand every aspect of the company. we do everything on a 24-hour turnaround. so if something s not going right on the cycling end it impacts laundry pretty quickly. and if laundry is running late it impacts the cyclists pretty quickly. with other clients like nursing homes, and a v.a. hospital, investors have taken notice of all that the company has accomplished. now the questions are more like, can you service a 200 bed hospital? can you build your sales quickly enough in order to provide us a return? wash cycle laundry s success in philadelphia has resulted in expansions in washington, d.c. and austin, texas. the bootstrapping principles have followed. we launched in washington, d.c. with less than $25,000 in investment. and one of our investors put it to us this way, i was giving a ....
Takes, like 20 minutes. i have goat on video and youtube to remind me how to do it. thank you for letting me be a part of your morning. that wraps up the msnbc rundown. newsnation with tamron hall is up next. time for the your business entrepreneur of the week. gabriel wanted funding for wash cycle laundry. his bike laundry pick up and delivery service. he had a tough time getting investors to take the philadelphia. he boot strapped the. [ male announcer ] are you so stuffed up, you feel like you re underwater? try zyrtec-d® to powerfully clear your blocked nose and relieve your other allergy symptoms. so you can breathe easier all day. zyrtec-d®. find it at the pharmacy counter. ....
Entrepreneur of the weekend. gabriel wanted funding for wash cycle laundry. but he had a tough time getting investors to take the philadelphia company seriously. so he boot strapped the business, made some money and soon enough cleaned up. for more, watch your business sunday morning at 7:30 on msnbc. ....