What is it with funding that attracts entrepreneurs to it, like bees to honey? I’m not sure, but I know I went a little nutty when the “funding” ticket was waved in front of my face.
Not once, but twice. And I hate myself for loving it!
As expected, both times my proposal got turned down.
I’m starting to see why Guy Kawasaki wrote in his book “The Art of the Start” that getting funding is like getting “struck by lightning while standing on the bottom of a swimming pool on a sunny day”. Not only is it difficult to obtain but it’s such a long laborious process. Almost so tough that I wanted to forget about it and go back to focusing on the start-up at hand. I always ask myself is it really worth it?
In other words, if getting funding is as difficult as running a start-up, why bother? As you can see my “bootstrapping” mindset is coming back into the picture. I mean why make the life of a start up more difficult than it already is?
Our hopes of getting funding for the Firmwareproject has hit another brick wall as our second source told us we may not be “suitable” to be part of what they consider as Web 2.0 potential. This is pending further discussion and appeal.
I supposed as Firmwarepoject is all about putting tangible products with Web 2.0 accessibility and thus we straddle the line between reality and virtual reality. I’m annoyed as they defined their manifesto as “creating the next Web 3.0 technology”. In other words they (dared to?) define what Web 3.0 is all about, when most of the world is still figuring out Web 2.0, let alone Web 3.0.
My feeling is Web 2.0 evolved from a free playing field of ideas, which like Darwin’s theory of survival of the fittest, only the best will prevail.
But I digress, its funny the moment the funding ticket got waved I went all goggle and saw it as the light at the end of the tunnel. Things got slack, I started to think big, skipping details, and missing the point completely.
I know now that is not (the light), and thus the bootstrap mentality is still, I continue to argue, a strong pre-requisite for an entrepreneur. Bootstrapping is about the bottom line, knowing your costs and cash flow, it’s about the details. It’s this detailed focused orientation that makes, in my humble opinion, a successful entrepreneur.
This is the start of a new direction in blogging here at Design Sojourn, which is more reflection base rather than article based. I hope you enjoyed it!
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