Category#BootStrapping

"Bootstrapping is tough. Most of the time things take three times longer than what we think. The only way to enjoy this journey is to absolutely love what you do. That is what sustains you.” – Rushabh, ERPNext

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Continuing our journey to bring to limelight bootstrapped entrepreneurs from India, we got a chance to speak with Rushabh Mehta, Founder of Web Notes Technologies, a software product company that publishes a free and open source web based ERP called ERPNext for small and medium businesses. Built by a small team of 8 people, ERPNext has more than 250 paying customers and has also been included in...

9 Things that I learnt while bootstrapping in India

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Bootstrapping is hard especially in India! It takes a toll on founders as well as people around them. No fancy corporate trips, no room for slack, myriad things that can go wrong and on top of it, no wiggle room financially. Here is what I learnt during past 3.5 years of bootstrapping SocialAppsHQ and now, Shimply.com – 1)     Cash flow is the only thing that matters – I have people who...

If you are bootstrapping, you are not alone here – Sridhar Vembu(@svembu), @Zoho #BootUpINDIA

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Sridhar Vembu is a simple person, and most of what he says are tweet sized bits of wisdom. He inspires you almost instantly when you start conversing with him. That was the first impression when I spoke to him for the first time. He wanted to get into action as fast as possible. Before we recorded this video I was trying to make him comfortable with what I am going to ask but then he almost...

Bootstrapping is certainly possible until and unless the business model requires exponential growth in a short span of time, Nikhil Nath – CEO, Knowcross #BootUpINDIA

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Last week I got a chance to speak with Nikhil Nath, Founder and CEO of Knowcross that provides technology solutions to leading hotels of the world in over 30 countries. Started in 2002, Knowcross has built a range of smart and intelligent products that address specific problems of running Hotel operations. From systems that allow Hotel staff to quickly respond to complaints raised by guests...

Pallav Nadhani @FusionCharts on Bootstrapping your Startup the right way, all the way #BootUpINDIA

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Success is often measured by how much limelight you managed to get. Real success however, belongs to those who dig in and chart the fabled hockey stick growth path. Companies like Fusioncharts, Rategain and Wingify are but a few examples of globe scale bootstrapped Startups from India. Does Bootstrapping happen out of accident or by choice? Is it a long term bet or a compulsion? What are the...

Lessons for Customer-Funded Entrepreneurs #BootUpINDIA

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More than two generations ago, the venture capital community – VCs, business angels, incubators, and others – convinced the entrepreneurial world that writing business plans and raising venture capital constituted the twin centerpieces of entrepreneurial endeavor. They did so for good reasons: the sometimes astonishing returns they’ve delivered and the incredibly large and valuable companies that...

Bootstrapping, not an excuse for being cheap #BootUpINDIA

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I witness the scenario on both sides of the table.  A startup provides a solution to a problem; solves it elegantly. And makes it seamless for its users. They use a few other products too – that solves some of their non-core functions elegantly. They grow out of its free usage, but they don’t pay. And they sit and break their heads, day in and day out as to why on earth,  many of its heavy users...

Bootstrapping – What To Do When You Get Rejected #BootUpINDIA

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Very few product companies make it big without taking external funding. The stories that are shared in the industry are all about companies that have targeted large markets, hit a phase of extremely high growth and have taken external capital to fund that growth. There are very few large (in terms of size / impact) companies that have bootstrapped their way to a product company. This is because...

Bootstrapping – Boon or Bane for Product Startups #BootUpINDIA

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On August 14th, 2014 iSPIRT, the industry enabler that is creating a vibrant eco-system for promoting, encouraging, supporting and enabling product companies out of India, organized a very useful online discussion on the concept of bootstrapping. Titled ‘Bootstrapping – Boon or Bane’, the discussion explored various facets of bootstrapping, including its relevance, benefits, limitations, and...

#BootUpINDIA – Giving Independence to Indian Startups!

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Being Independent is a fundamental right of all living being. But, as entrepreneurs and startups, when we face tons of challenge and deal with sheer hardship we end up submitting to various ideas that may or may not resemble our need. Think about why you become an entrepreneur in the first place –  what is it that you wanted to solve and how you are creating value. The support system around...