This document discusses how startups can bootstrap by first selling their product or service to target customers to gain early revenue and validation. It recommends that entrepreneurs identify target customers, pitch their idea to them, and successfully convert paying clients to help scale the business. It shares a founder's experience where their first 100 customers helped them understand the market problem, provided early revenue and insights, and gave them the confidence to raise their first investment by demonstrating the value their firm offers.
This document discusses how startups can bootstrap by first selling their product or service to target customers to gain early revenue and validation. It recommends that entrepreneurs identify target customers, pitch their idea to them, and successfully convert paying clients to help scale the business. It shares a founder's experience where their first 100 customers helped them understand the market problem, provided early revenue and insights, and gave them the confidence to raise their first investment by demonstrating the value their firm offers.
This document discusses how startups can bootstrap by first selling their product or service to target customers to gain early revenue and validation. It recommends that entrepreneurs identify target customers, pitch their idea to them, and successfully convert paying clients to help scale the business. It shares a founder's experience where their first 100 customers helped them understand the market problem, provided early revenue and insights, and gave them the confidence to raise their first investment by demonstrating the value their firm offers.
A startup can be successfully bootstrapped by first selling your product/service/idea to a target customer. Paying customers also means successful validation for your startup. So identify target customers, pitch them your product or idea and successfully convert them as paying clients to bootstrap your startup. "My first 100 customers were very important for me as they helped me understand the market, the problem we are solving, early revenue and a more insights on how should I look at to scale the business further. They made me look at the big picture of what values we offer as a firm. It is them who gave me the confidence to raise my first investment. Your first customers give you the direction in which you want to explore. Bversity is a virtual college for Biotechnology solving for the academia-industry skill gap in the field of life science."