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Bootstrapping Tech Startups

Funding

We know that bootstrapping your company to success is hard. That is why StartupRoundup is currently working on funding opportunities specifically for our readership to help you grow your business and take it to the next level. In the mean time, here are some resources to help point you in the right direction.

Pre-Startup
Friends
Family
Fools

Use Virgin Money to help you manage loans you receive from Aunt Betty and your best friend Tommy. This will add structure around the loan and reduce stress on all parties in the long run. That way, Aunt Betty doesn’t get upset at Thanksgiving and throw her famous pumpkin pie at you because you are 2 months behind on paying her back. Also, you get to keep your best friend Tommy and he doesn’t have to come shake you down and threaten to break your kneecaps.

Project Funding

KickStarter allows you to post your project and receive funding from a group of people that want to follow you and see the end result. The site will take care of collecting the money and track the percentage progress to reaching your goal needed. In addition, it brings visibility to your project and helps hold you accountable for completion.

Venture Capital

If you have that big idea and you are at the point where you need to grow it fast, check out The Funded before you start pitching to VC firms. Taking a large sum of money comes with great responsibility and you want to make sure the Venture Capital firm you are working with will share your vision and be a good fit. Otherwise, you may run into  problems with them allowing you to operate and execute your vision.