Startup Funding Espresso: Bootstrapping and Barter
Hello, this is Hall T. Martin with the Startup Funding Espresso -- your daily shot of startup funding and investing. Equity funding is just one source of funding for your startup. There are many others such as bootstrapping and barter. Bootstrapping is using your own funds and that of initial customers to launch your business.\xa0 Investors find this a great test to see how much skin in the game you are bringing to it in addition to sweat equity. If you can find prospective customers who will prepay at least some part of the price, then it demonstrates market validation. When you spend your own money you\u2019ll find you spend less of it.\xa0 Also, barter is a useful tool to reduce cash expenditures.\xa0\xa0 Consider providing your services to businesses that can provide you with something you need in return for services such as bookkeeping, accounting, legal, and financial work. For investors, this demonstrates resourcefulness and ability to negotiate. When you barter you\u2019ll find yourself negotiating the price you pay for non-barter goods and services.\xa0 Bootstrapping and bartering build skills that will help you throughout the life of your business as you\u2019ll start with a lower cost basis, spend more carefully, and negotiate better throughout. Thank you for joining us for the Startup Funding Espresso where we help startups and investors connect for funding.Let\u2019s go startup something today.-----For more episodes from Investor Connect, please visit the site at: Check out our other podcasts here: For Investors check out: For Startups check out: For eGuides check out: For upcoming Events, check out For Feedback please contact info@tencapital.group