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Bootstrap Third Way of Entrepreneruship
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What is Bootstrap?Distinct from cookie cutter and funding-driven entrepreneurship.
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Bootstrap Third Way of Entrepreneruship
1.
© 2013-2017 Aviri
Inc Entrepreneurial Paths Bootstrap: Third Way of Entrepreneurship @bootstrapaustin Founder, ……..……………. August 30, 2017
2.
© 2003-2017 aviri Human
Fugue Processes Entrepreneurship Democracy JOurneY Sc Method Business Models Laws Philosophies/ (Meaning Models) Theories —> Outputs
3.
© 2003-2017 aviri House
3: Resources Bootstrap Funding-Driven Two Paths Craft H3 H2 H4 H1
4.
© 2003-2017 Aviri
Inc Cookie Cutter/Craft/Lifestyle Make a copy of a Proven Business Model ⬥Most Small Biz ⬥Low barriers to entry ⬥Make a copy of a proven Biz Model ⬥Low innovation low economic impact ⬥Present everywhere
5.
© 2003-2017 Aviri
Inc Funding-Driven Create a brand new business model ⬥Drives Innovation ⬥Company is the product ⬥Scale is the meaning, not founder’s passions ⬥Requires a thriving ecosystem of VCs (Silicon Valley) ⬥VC is the main player: betting on horses on the racetrack: 1 in 10 ⬥Lean Startup: designed for this model ⬥Long-term economic value is side effect ⬥Most-studied – business schools, etc. ⬥Time-constrained, resource unconstrained
6.
© 2003-2017 Aviri
Inc Silicon Valley’s Unique Role ⬥49ers ⬥Stanford, railroad baron ⬥Government Funding ⬥Bootstrap (1930s) —> Angels (1940s) —> VC (1970s) ⬥Platforms (Media platforms in SoCal) ⬥Extreme capitalism Difficult/Impossible to replicate
7.
© 2003-2017 Aviri
Inc Bootstrap: 3rd Way ⬥Best of both worlds ⬥Founders’ Passions and Talents ⬥Low-cost ⬥Long-term, broad-based economic value ⬥Long-lived ventures (Living Company) ⬥Biz Model emerges from process ⬥NOT technology-based ⬥Least understood ⬥Resource Constrained, time unconstrained
8.
© 2003-2017 Aviri
Inc Baron Munchhausen
9.
© 2003-2017 Aviri
Inc Austin: Bootstrap City ⬥Stanford, Scott Cook, Intuit ⬥Bootstrap Austin, founded 2003 ⬥Learning & Support Community ⬥Bootstrap Map: stages, principles actions
10.
© 2003-2017 Aviri
Inc Bootstrap Map rebootstrap ideation prod/serv/exp/ cause/community (demo) customer valley of death ($ell) Right Action Right Time growth organization (build) founder you (discover) Know thyself QUEST(ion) (awaken) Yes!meaning Uy
11.
© 2003-2017 Aviri
Inc You Stage: discover, know thyself) ( )
12.
© 2003-2017 Aviri
Inc QUEST(ion) Stage: awaken, YES!
13.
© 2003-2017 Aviri
Inc Ideation Stage: demo, use everything!
14.
© 2003-2017 Aviri
Inc Vod Stage: sell, constraint creates innovation
15.
© 2003-2017 Aviri
Inc a c n, r,s t! VOD Stage: Iterate: failure = feedback k b
16.
© 2003-2017 Aviri
Inc Growth: scale the model ⬥Systems ⬥Infrastructure ⬥Bring in the MBAs! ⬥$$$ ⬥Founder transition ⬥Meaning: Essence Mining
17.
© 2003-2017 Aviri
Inc Growth: scale the model Innovator’s Dilemma
18.
© 2003-2017 Aviri
Inc Bootstraps Companies are Built to Last (longer) The Living Company SOUTHWEST
19.
© 2003-2017 Aviri
Inc A Fugue
20.
© 2003-2017 aviri Bootstrap Funding-Driven House
of Resources H3 + H4 = Journey Entrepreneurship Craft Journey H3 H2 H4 H1
21.
© 2003-2017 Aviri
Inc _____________________’s ideation prod/serv/exp/ cause/community customer valley of death Bootstrap Map growth organization founder you QUEST(ion) meaning
22.
© 2003-2017 Aviri
Inc Bootstrap Community ⬥Journey capital: give help, get help ⬥Learning: models, stories, ⬥Groups: Stage, Industry, Topic ⬥Boot Boards: accountability
23.
© 2003-2017 Aviri
Inc Form Boot Boards ⬥5-7 members ⬥get together once a month ⬥share your progress, get feedback
24.
© 2003-2017 Aviri
Inc Resources 1. Bootstrap Austin: Facebook, twitter 2. Bootstrap Map 3. Bootstrap Videos 4. Bootstrap Books 5. bootRap Podcasts 6. Mystic Cab – craft, funding-driven, bootstrap!
Editor's Notes
Welcome!
Social capital
Model t: 1908-1927