Bootstrapping

digital world

Here’s what it actually takes to make it as an entrepreneur

A young male who was born to be an entrepreneur drops out from a computer-science program at a prestigious university.  He meets a powerful venture capitalist who is so enamored with his idea that he gives him millions of dollars to build his technology….

wadhwa wsj

Wall Street Journal: Location No Longer Determines Success

Oculus, the latest technology startup to be acquired for billions of dollars, was based not in Silicon Valley but in Irvine, Calif. Snapchat, which is rumored to be worth billions, is based in Los Angeles. The Los Angeles area is a good place to live and…

shutterstock_146848487 (1)

A $32,000 Startup That Was Sold for Millions

I meet entrepreneurs all over the world who think that venture capital is a prerequisite for starting a company.  They write business plans and ask for introductions to venture capitalists.  I tell them that they should instead bootstrap their startups; that what would have…

wadhwa wsj

Wall Street Journal: If I Can Be An Entrepreneur, So Can You

I was 33 years old when I became an entrepreneur. I had developed a revolutionary technology at First Boston, a New York-based investment bank, and IBM offered to invest $20 million in it—provided that we spun the technology off into a new company. I…

wadhwa wsj

Wall Street Journal: You Need a Team to Help Climb The Mountain

Building a company isn’t that differe­­­nt from climbing a big mountain. You need people helping you traverse treacherous paths and to lift you up when you fall. That is why most startups need to enlist co-founders and build a strong management team from the…

wadhwa wsj

Wall Street Journal: Business is Not Like Field Of Dreams

“Our corporate motto should be ‘We’ve never heard of you either’”—that is how we joked at my first startup, Seer Technologies, which was founded in 1990. We had broken records by growing a nascent software company into a $118 million-per-year revenue machine. And we…

Fairchild

MIT Technology Review: Why Silicon Valley Can’t Be Copied

For 50 years, the experts have tried to figure out what makes Silicon Valley tick. The answer is people. By 1960, Silicon Valley had already captured the attention of the world as a teeming technology center. It had spawned the microwave electronics industry and…

wadhwa wsj

WSJ: Don’t Confuse Investors with Mentors

Entrepreneurship is like a computer game in which you have to master every level before achieving success. Startups repeatedly stumble and have to go back to the drawing board. The best way to skip some levels and to increase the odds of survival is…

WSJ Wadhwa

Wall Street Journal: Forget Angels, Try Your Parents or Piggy Bank

The conventional wisdom in Silicon Valley is that venture capitalists and angel investors provide funding for the majority of startups. So most entrepreneurs start their journeys by knocking on their doors. But this is almost always a waste of time because angels and VCs…

wadhwa wsj

Wall Street Journal/The Accelerators: New Day, New Plan

VIVEK WADHWA: Not long ago, the common belief was that, before you started a company, you needed to develop a business plan. This needed to be a lengthy document that detailed business strategy and made long-term financial projections. Market research was supposed to provide the…

wadhwa wsj

Wall Street Journal: One Giant Leap for Humanity

In 1990, when my team started a software company, we estimated that we would need $20 million in financing to get off the ground. For my second startup, in 1997, we budgeted for $3 million. If I were starting a similar enterprise-software company today,…

Boulder

Washington Post: This is how you build a tech community

You can’t help being overwhelmed by the natural beauty and Swiss-village-like charm of Boulder, Colorado. With a population of just under 99,000, you wouldn’t expect it to be the home of a Silicon Valley-style tech center complete with hundreds of Internet and software startups. I…