31
Time
Room Name: Panel
Time
Room Name: Workshop
Monday, July 20
3:15pm
Raphael 1: Panel
David
Siminoff
Shmoop Univ,
Founder & Chief
Creative Officer
Dean
DeBiase
Reboot Partners,
Chief Executive
Officer
John Roa
AKTA Web Studio,
Chief Executive
Officer
With the collapse of the financial markets in 2008, many startups were left with no
choice but to bootstrap. Since then, a number of successfully bootstrapped companies
have risen to prominence for their disruptive business models, pioneering products or
services, and groundbreaking advances in the use of technology. This raised the profile
of bootstrapping as a slow, but steady means to capitalize.
Bootstrapping gets a bad rap because people have become more risk-averse these
days. There is also a prevailing notion that bootstrapped startups either grow slowly or
fail immediately. In this panel discussion, all these myths are debunked.
Bootstrapped companies can consistently achieve high-growth rates during its early
years of operation, take on large clients to boost their portfolio and earn a formidable
position in the marketplace amidst economic uncertainties. In fact, 60% of Inc. 500's
fastest-growing companies in the U.S. (including ÄKTA) were bootstrapped with less
than $10,000 in capital. Compare that to the 7 percent which were venture-backed.
The High-Growth
Bootstrapped Startup
MONDAY
