Bootstrapping versus Crowdfunding

Discussion in 'General Business Forum' started by RJ3, Mar 13, 2019.

  1. RJ3

    RJ3 UKBF Contributor Free Member

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    Your thoughts and opinions
     
    Posted: Mar 13, 2019 By: RJ3 Member since: May 21, 2018
    #1
  2. Mark T Jones

    Mark T Jones UKBF Ace Full Member

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    Far too broad a question to get a sensible response on a forum.

    However, opening gambit

    Bootstrapping is a great exercise when starting a business - and also a good pre-cursor to raising external funds.

    Crowdfunding is time consuming and potentially expensive - in most cases you need to spend at least 9 months building your brand and your crowd to get any real momentum.

    Of course, the real value will depend on the application and the outcome of the funds raised.
     
    Posted: Mar 13, 2019 By: Mark T Jones Member since: Nov 4, 2015
    #2
  3. billmccallum1957

    billmccallum1957 UKBF Ace Full Member

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    Can't abide words with 13 letters in them, so I'm going for crowdfunding. :)
     
    Posted: Mar 13, 2019 By: billmccallum1957 Member since: Feb 11, 2016
    #3
  4. JEREMY HAWKE

    JEREMY HAWKE UKBF Legend Full Member

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    WTF is bootstrapping
     
    Posted: Mar 13, 2019 By: JEREMY HAWKE Member since: Mar 4, 2008
    #4
  5. RJ3

    RJ3 UKBF Contributor Free Member

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    Bootstrap is a situation in which an entrepreneur starts a company with little capital. An individual is said to be bootstrapping when he or she attempts to found and build a company from personal finances or from the operating revenues of the new company.
     
    Posted: Mar 13, 2019 By: RJ3 Member since: May 21, 2018
    #5
  6. Mark T Jones

    Mark T Jones UKBF Ace Full Member

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    To be fair, that's probably as scientific as most rationales for crowdfunding
     
    Posted: Mar 13, 2019 By: Mark T Jones Member since: Nov 4, 2015
    #6
  7. JEREMY HAWKE

    JEREMY HAWKE UKBF Legend Full Member

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    I have bootstrapping for 30 years and never even knew it
     
    Posted: Mar 13, 2019 By: JEREMY HAWKE Member since: Mar 4, 2008
    #7
  8. fisicx

    fisicx It's Major Clanger! Staff Member

    30,096 8,832
    I asked my mum for a fiver so I could buy some laces for my boots. Didn't really help.
     
    Posted: Mar 13, 2019 By: fisicx Member since: Sep 12, 2006
    #8
  9. Maxwell83

    Maxwell83 UKBF Regular Free Member

    519 120
    "Bootstrapping versus Crowdfunding" - depends. Whats the context?
     
    Posted: Mar 13, 2019 By: Maxwell83 Member since: Aug 4, 2012
    #9
  10. RJ3

    RJ3 UKBF Contributor Free Member

    32 0
    Entrepreneurship
     
    Posted: Mar 14, 2019 By: RJ3 Member since: May 21, 2018
    #10
  11. fisicx

    fisicx It's Major Clanger! Staff Member

    30,096 8,832
    Isn't that the Star Trek thing?
     
    Posted: Mar 14, 2019 By: fisicx Member since: Sep 12, 2006
    #11
  12. Mark T Jones

    Mark T Jones UKBF Ace Full Member

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    Is it a random business-word generator?
     
    Posted: Mar 14, 2019 By: Mark T Jones Member since: Nov 4, 2015
    #12
  13. JEREMY HAWKE

    JEREMY HAWKE UKBF Legend Full Member

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    It's a load of bullocks and I am fed up with reading this stuff
    It always comes from people who have never run a business know nothing about running a business and make up words I have never heard of only to discover the made up word is what I already do !

    It winds me right up
     
    Posted: Mar 14, 2019 By: JEREMY HAWKE Member since: Mar 4, 2008
    #13
  14. Mark T Jones

    Mark T Jones UKBF Ace Full Member

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    Posted: Mar 14, 2019 By: Mark T Jones Member since: Nov 4, 2015
    #14
  15. Maxwell83

    Maxwell83 UKBF Regular Free Member

    519 120
    I see your 'Entrepreneurship', and raise you 'Disrupting the industry'.
     
    Posted: Mar 14, 2019 By: Maxwell83 Member since: Aug 4, 2012
    #15
  16. Maxwell83

    Maxwell83 UKBF Regular Free Member

    519 120
    Posted: Mar 14, 2019 By: Maxwell83 Member since: Aug 4, 2012
    #16
  17. Mark T Jones

    Mark T Jones UKBF Ace Full Member

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    Ooh yes. Disrupting is bang on trend.
     
    Posted: Mar 14, 2019 By: Mark T Jones Member since: Nov 4, 2015
    #17
  18. Noah

    Noah UKBF Ace Free Member

    1,089 269
    Get wiv ve kids, granddad!
     
    Posted: Mar 15, 2019 By: Noah Member since: Sep 1, 2009
    #18