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While some bemoan lack of venture capital, entrepreneur touts `bootstrapping' for cash

Another in a line of reports paints a bleak picture for entrepreneurs seeking venture capital in Wisconsin, suggesting that such financing could be at its lowest level in 10 years if patterns through the third quarter continue to year's end.

The Money Tree Survey, released last week by PricewaterhouseCoopers, Thomson Venture Ec......

Full article >>> y $62 million in revenue last year (a 72 percent increase over the previous year) and has already surpassed $62 million in revenue as of Sept. 30 this year. The company has more than 1,400 clients worldwide, including Wisconsin companies.

Gianforte used about $5,000 to start Brightwork and admittedly had some resources when he started Right Now Technologies. And the company did raise $32 ......

Full article >>> o other industries, too

While Gianforte has dealt in software companies, he says his bootstrapping principles can apply to other industries, as well, including retail.

"It is my firm belief that nearly all industries lend themselves to bootstrapping," he said. "There would be numerous ways to handle a bootstrap start-up in retail. For example, get your suppliers to provide cr......

Full article >>> work and moved to Montana. But it wasn't long before the entrepreneurial itch got to him, leading to the founding of Right Now Technologies. As the company continues to grow, Gianforte has continued to expound the virtues of bootstrapping, co-authoring the book "Bootstrapping Your Business" and continuing to speak on the topic.

But he's also on an......

Full article >>>
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Source:wistechnology.com By David Niles 10/31/05


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