Venture capital isn't required for entrepreneurial success, and it can carry a heavy price.
You are an entrepreneur faced with a troubling question: How do I get venture capital? Before you answer that question, consider another one that should be more important: Should you finance yourself, what I call bootstrapping?
In my new book "Bootstrap to Billions: Proven Rules from Entrepreneurs who Built Great Businesses from Scratch," I have profiled 28 entrepreneurs who built great companies from scratch, including the world's largest medical-device company (Earl Bakken of Medtronic), the world's largest consumer electronics retailer (Richard Schulze of Best Buy), and the world's largest private health care management company (Richard Burke of UnitedHealth Group).
To read the full, original article click on this link: To bootstrap or not? That is the question. | StarTribune.com
Author: Dileep Rao, senior lecturer, U of M Carlson School of Management.
