This was a presentation in Waltham, MA in October 2007, for Boston Entrepreneurs’ Network (ENET). I moderated for three panelists and offered summary and concluding remarks on first funding to launch your startup company without VC or angel money. My presentation discussed:
- Non-VC cash sources: loans, SBIR-STTR, Mass. & local agency programs.
- Commercial sources of revenue from customers, suppliers, from strategic alliances and product and application licensing,
- Bootstrapping strategies to manage cash flow, delay payments, avoid fixed commitments to preserve cash in the company.
- Non-cash and thrifty techniques to add value to the enterprise, including cost effective ways to build management, build a board, gain technology and protect with IP “on a shoestring”, and
- Tending to the needs of founders including maintaining outside revenue streams to again make cash go as far as possible.
In addition, I earlier wrote an article published in Mass High Tech: The Journal of New England Technology that discusses use of SBIR and STTR grants, requirements and strategy, “Federal Grants are an Overlooked Source for Bootstrapping Startups.”
For my Mass High Tech article, LINK: https://www.bizjournals.com/boston/blog/mass-high-tech/2003/06/federal-grants-are-an-overlooked-option.html
If you are entrepreneur or engaged in a startup or early stage company and need assistance of legal representation on contracts, initial funding or other matters, please let me know.