Stop chasing loans: Let your first client fund your startup
Insights from the ThisWeekinStartups episode “TWiST Ask Jason - How to start a biz with bad credit?”, published May 15, 2010.
In "TWiST Ask Jason - How to start a biz with bad credit?" (ThisWeekinStartups, May 2010), jason Calacanis argues that entrepreneurs with poor credit should abandon the search for traditional bank loans. Instead, he advises building a service-based business where a client underwrites development costs in exchange for early access or equity. This strategy eliminates the need for personal capital and validates the product through immediate market…
In "TWiST Ask Jason - How to start a biz with bad credit?" (ThisWeekinStartups, May 2010), the intended audience is: Bootstrapping entrepreneurs with limited capital and poor credit.
Jason Calacanis argues that entrepreneurs with poor credit should abandon the search for traditional bank loans. Instead, he advises building a service-based business where a client underwrites development costs in exchange for early access or equity. This strategy eliminates the need for personal capital and validates the product through immediate market demand.
Bootstrapping entrepreneurs with limited capital and poor credit.
Topics: bootstrapping, entrepreneurship, funding, startup strategy
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Jason Calacanis argues that entrepreneurs with poor credit should abandon the search for traditional bank loans. Instead, he advises building a service-based business where a client underwrites development costs in exchange for early access or equity. This strategy eliminates the need for personal capital and validates the product through immediate market demand.
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