Discover how to overcome anything, bootstrap, and go from initial concept to Series A funding with this firsthand look at entrepreneurship Resilient delivers an invaluable collection of private journal entries mapping out a path from bootstrapping a multi-million dollar business to raising millions in Series A funding for another. Entrepreneur and Resilia CEO Sevetri Wilson describes her journey from self-funding to venture capital success. Written for ambitious and aspiring entrepreneurs like herself, Wilson covers a wide variety of topics about the entrepreneurial The author also shares her “Simple Agreement for Future Equity” (SAFE) agreement and first pitch deck. Perfect for entrepreneurs, startup enthusiasts, and founders, Resilient belongs on the bookshelves of anyone interested in the process of bootstrapping and/or raising capital to grow a business in any sector.
I read this book thanks to Blinkist and I loved the detailed and simple explanation of the difficult topic at hand.
The key message in these blinks is that:
There’s a lot you need to consider when building a business from the ground up. First, you’ll need to decide whether to seek out investors or bootstrap with the resources you already have. Next, you’ll need to source talent, which might involve hiring freelancers. Once your product or service is ready for the market, you need to shift your focus to sales – sourcing potential customers and building relationships with them to secure ongoing business. It’s a tough journey, but by making your business decisions carefully, you can set yourself up for success.
And here’s some more actionable advice:
Hire a technical consultant to manage your freelancer team.
Outsourcing tech work to teams in Eastern Europe or Asia can save significant amounts of money. But if you don’t have the technical wherewithal, you’re at risk of being taken advantage of by the offshore freelancers building your product. To overcome this, hire a developer and have your freelance team report to them. That way, the team will be reporting back to someone with the right technical knowledge. Also, make sure your developer has experience in managing offshore teams, as opposed to looking after an onsite group.
There’s a lot you need to consider when building a business from the ground up. First, you’ll need to decide whether to seek out investors or bootstrap with the resources you already have. Next, you’ll need to source talent, which might involve hiring freelancers. Once your product or service is ready for the market, you need to shift your focus to sales – sourcing potential customers and building relationships with them to secure ongoing business. It’s a tough journey, but by making your business decisions carefully, you can set yourself up for success.
And here’s some more actionable advice:
Hire a technical consultant to manage your freelancer team.
Outsourcing tech work to teams in Eastern Europe or Asia can save significant amounts of money. But if you don’t have the technical wherewithal, you’re at risk of being taken advantage of by the offshore freelancers building your product. To overcome this, hire a developer and have your freelance team report to them. That way, the team will be reporting back to someone with the right technical knowledge. Also, make sure your developer has experience in managing offshore teams, as opposed to looking after an onsite group.
The first part reads like a self published book, like no one read the text to make sure there weren't any duplicate statements (there are many). The second half is actually interesting and somewhat inspiring. But I deducted a star because the author chose to quote herself. She is obviously a very vain and self centered person, sharing character traits with the likes of Hitler and Putin.