The biggest misconception about bootstrapping is that there is zero capital. Founders invest their own money and can raise from friends and family.
The biggest misconception about bootstrapping is that there is zero capital. Founders invest their own money and can raise from friends and family.
Melissa Kwan,
Cofounder and CEO of eWebinar, ProfitLed Podcast
Resources mentioned on this episode
- Intro: Bootstrapping vs Venture Capital — Why Bootstrapping is Better
- 8 biggest misconceptions I always hear about bootstrappers
- Check out Capchase for non-dilutive funding
- Greg Head’s Practical Founder’s podcast
About this episode
People think bootstrapping is a financial decision, when it's really a lifestyle choice. Read that again.
In this episode, Melissa talks about the reasons behind choosing to build eWebinar as a lifestyle company and how that shapes every decision they make from how they operate, to who they hire, to company culture.
Melissa and Todd discuss the benefits of bootstrapping over venture capital, what it means to run a bootstrapped company, and misconceptions about bootstrapping which include things like: they raise zero capital, founders don't want to give away equity, they have smaller exits...
About ProfitLed
On Season Two of ProfitLed, Melissa (CEO and Cofounder of eWebinar) and Todd (COO) goes in-depth on one topic per episode on their "Journey to $1M" at eWebinar.
They share war stories, mistakes, and lessons learned as they grew the company to a million in ARR over 36 months. Their goal is to demystify bootstrapping by sharing their experience of it, and tell you what it's really like to figure things out as you go.
ProfitLed is a podcast by and for founders brave (and crazy) enough to grow their startups to profitability without venture capital.
Learn more about the ProfitLed Podcast and tweet us at @profitledfm.
Learn more about eWebinar.
