Bootstrapping vs. raising venture capital

The below post was republished with permission from PluggedIN, an automated talent recruitment and matchmaking platform specifically focused on startup companies. PluggedIN was founded by Colleen Liebig, who serves as an Industry Career Specialist & Advisor at Olin, with specialization in entrepreneurship.

“The more you know about yourself, what you’re good at and what you bring the team, you can then surround yourself with people who fill in your gaps. I think that’s part of what makes up a good team.”
– Mary Jo Gorman, serial entrepreneur, investor, advisor and managing partner of Prosper Women Entrepreneurs

In this podcast, Mary Jo Gorman talks about how she got her start as an entrepreneur, what milestones and key learnings propelled her to success, and what she looks for when making investments in women-led companies through the Prosper Women Entrepreneurs Accelerator. Prosper is currently accepting applications for their Spring 2017 cohort. They are looking for early stage companies with a scalable business model in the Tech, Health Tech, and Consumer Products spaces. She shares insights on:

  • What investors look for in companies to invest in and how to use The Berkus Method to better position your company when raising capital.
  • Successful entrepreneurs tend to have great critical thinking skills. Many, many decisions get made, and you have to make more right ones than wrong ones
  • When a startup should consider going from bootstrapping to raising venture capital, and markers and milestones that serve as key indicators. Check out The Founders Dilemma.
  • Knowing when to pivot and ways to mitigate your risk at each step.
  • How hiring for the level of experience depends on our rate of growth.

Learn more and follow Prosper STL:
@ProperSTL@MaryJoGorman

Photo: Mary Jo Gorman speaks at the Knight Hall/Bauer Hall building dedication on May 3, 2014. Credit: Jerry Naunheim Jr.

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