Bootstrapping Help From My Network

Creating a business without funding means asking friends to help, learning how to do tasks that should really be outsourced and sleeping on friends’ couches.  How have I managed to launch a company within 3 weeks?  The obvious, working my rear off, but also, relying upon my network.  Colleagues who have turned into friends.  And friends who want to see me succeed.  Folks who know I would do the same for them. A good deal of the help I received came by way of instant messenger, sending files back and forth and Facebook communications.

Within a 2 week time period, I:shiny door logo

  • Got that amazing logo you see to the right by asking one friend to create the shiny door graphic and another friend to create the name logo.  The shiny door was created by Rick Groves and the name logo was created by Danno Vivarelli.  Both tremendously skilled graphic artists.
  • Yesterday I relied upon a friend at the Chicago Technology Cooperative to talk me through installing a new Drupal theme at angelasiefer.com.  It was a bit painful for both of us.  But the site looks great and I now have new skills!
  • I’ll be wearing out my welcome in two different places next week.   I will be in Chicago and DC for my first two workshops.  Couch surfing.  When a friend lets you stay at their place for multiple days you know you are a lucky gal.
  • I am a firm believer that written material should have a 2nd pair of eyes.  Most of the text on my site has been reviewed and edited by friends.  I have 5 folks I shamelessly ask to review my text.  I need 5 because at any point in time I’m happy if I find one of them available.
  • How did I set up 3 workshops for December and am on my way to 2 for January?  Friends.  Friends who agreed to help me find space and promote the workshops.  The Chicago workshop is being held at the Community Media Workshop, preceded by a presentiation the previous day at Net Tuesday Chicago.  The DC workshopis being held at the New America Foundation.  The Columbus workshop is being held at the Ohio Small Business Development Center at Columbus State.  All three of them are being/have been promoted by other friends.  The Chicago class filled up within 2 hours of being posted!

I would not be as far along in setting up Shiny Door as I am today without my network, an international network I have built over the years.  A network with relationships that would not be as strong as they are if it were not for my use of social networks and other online tools.

More on Bootstrapping from Allan Young, Founder of University Venture Fund

This is taken from an email conversation with Allan

“ahaha - you quoted me about your neurotic entrepreneurialism…

I think you have a good argument…

the tough part is finding good team members that have the discipline to bootstrap…

raising big money, more than you need is also a good strategy - but that too requires discipline to not waste it when capital “seems” abundant…

talent and the right spirit/cultural fit is still the hardest part of the puzzle…”

Basically what hes saying is that if you can bootstrap bootstrap.

The BootStrappers Guide to Success

1. Relax
2. Ask advice.
3. Learn to listen
4. Repeat

For us Serialists Entrepreneurs, the hardest problem is not coming up with great ideas, it’s not even in the execution, it’s in the maintenance of a nearly successful product. Success is not your sales, it’s not your revenues, it’s not your profits, it’s your sustainability. Anyone can create a one hit wonder and get lucky but can you leverage that into sustained success and thus real value. One time success is fleeting, true success is long term viability. Getting lucky and selling a crappy idea to an idiot company is not success - that is luck.

Case in point: MyBlogLog.com, Broadcast.com. Now Mark Cuban is a genius and made a fortune but that wasn’t a successful business. HDNET and 2929 Productions of his I think are more successful. They have a purpose, stick to it and both produce product ahead of the curve consistently. Broadcast.com was a great domain, a great salesforce, most people don’t realize he had something like 40 sales guys before he sold it to Yahoo, which was pretty dam big, especially for back then but a shitty shitty product. Yahoo bought it and basically pissed it away. If you can turn something that shouldn’t be successful into billions- sure you could be brilliant but you are lucky. Quality businesses with sustained naturally almost smooth earnings or at least the ability to have consistent BIG BANGS in earnings (like a movie studio) are successful.

How do you get to that point. Build a quality product and a quality team and there’s a dam good chance you’ll need to replace yourself as CEO the second it starts getting smooth because let’s face it you will get bored. So if you are a Serlialist almost keep in mind that the secret to being successful is being able to build something sustainable which probably means conquering your ADHD for 10 minutes.


Help - A Serial Entrepeneur Stole My Milk

Ah quit whining and buy more. He’ll return the favor later.