ECorner: To Raise Money or Not, Part 1

18 August 2010

To bootstrap means to use revenue or personal savings to run your operations, explains Josh Reeves, founder of unwrapped inc. Rather than seeking out VC money, he said bootstrapping his own venture allowed him to tinker with his company's product and vision without worrying about the reaction of outside investors. An entrepreneur must know what they want to do with outside capital, he advises, before raising it, which takes time. Clara Shih and Steve Garrity, founders of Hearsay Labs, agree wholeheartedly. They sought out VC money in order to push their company to the next level in product development and to satisfy their customers' needs.

Video: To Raise Money or Not, Part 1

Stanford's Entrepreneurship Corner: The Stanford Technology Ventures Program (STVP) is the entrepreneurship education and research center located within the School of Engineering at Stanford University. The outreach efforts include annual conferences, campus-wide collaboration, and dissemination of teaching content through the ECorner website. ECorner Resources are distributed under the terms of this Creative Commons License.

Submitted by Arts Regional Trust Te Taumata Toi a Iwi (ART) on Wed, 18/08/2010 - 2:28pm.

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Arts Regional Trust Te Taumata Toi a Iwi (ART)
The Arts Regional Trust : Te Taumata Toi-a-Iwi

ART is an arts and creative industries development agency and a leading investor in growing entrepreneurship in Auckland’s creative sector. The City Councils of Auckland and Manukau created the Arts Regional Trust Te Taumata Toi-a–iwi (ART) in 2000 to manage and grow their combined share of funds provided through the disestablishment of Auckland Regional Services Trust.

To date, ART has invested in a number of significant projects in partnership with other organisations such as the city councils of the Auckland region, universities and government agencies.