Why is raising capital more celebrated than building a business that is actually profitable? It may be a smarter play to join an actual business rather than a "concept company".
A bootstrapped company should be more attractive to people but for some reason, it is not. Today we are out to prove that driving a good business does not require venture capital and You do not need VC money to attract and hire the right talent.
Today’s Quote:
"Bootstrapping is a way to do something about the problems you have without letting someone else give you permission to do them."
- Tom Preson-Werner, co-founder of Github
Guest Bio:
Meetul Shah CEO of DemandMatrix, Inc., is a tech entrepreneur, having successfully built 3 companies prior to starting Demand Matrix. His “entrepreneurial” vision and inspiration comes from his desire to create and bring products to the marketplace that can help solve problems he himself has faced in his career. The combination of his years as a successful entrepreneur combined with his tenure at Microsoft has given a strong shape to his business acumen and technical expertise.
Meetul has been featured in several major publications, like CIO, NYT, WSJ, Washington Post, Huffington Post, Venture Beat, and more.
If you were to ask him to introduce himself in less than 5 seconds, he’d probably just say he’s an idea machine, health freak, and wine lover! He is deeply passionate about Sales and Marketing Productivity given his time working for and selling to enterprise companies like Microsoft, DocuSign, Google, Cisco.
Show Highlights:
What is Bootstrapping?
Why Bootstrap your company?
Challenges faced while hiring
Rick’s Input:
Solutions (what you learned):
As an Entrepreneur, where to Start?
Structure your process to allow for successful hiring
Rick's Process:
Key Takeaways:
How Skipping Process Bites You With Bill Snyder
When HR Takes Away The Nerf Guns With Steven Freidkin
Driving Culture Change with Jason Lippert
Creating a Purpose-Driven Company with Jay Wilkinson
The 10 Disciplines with Gino Wickman
Hiring the Right Person, Right Seat, Right Stage with Dean Stoecker of Alteryx
Pre-vetting Candidates Before the Interview with Payman Taei of Visme
Building an Advisory Ecosystem with Coco Brown of The Athena Alliance
The Characteristics of a Successful Hire with Allan Jones of Bambee
Hiring with Poorly Defined Metrics of Success with Kurt Davis of Stealth Smiles Startup
Aligning the “Why” in the Interview Process with Ted Bradshaw of EOS Worldwide
Maximizing VC Hiring Referrals with Rob Whalen of PTO Exchange
Hiring the Right Person in the Wrong Seat with Thomas Brunskill of Forage
How Your Company Can Hire Like Amazon with Steve Anderson of Catalyit
The Hire, Fire, Hire, Fire Cycle with Jason Sherman of Spinnr
How Conversational Interviews Breed Bias & Discrimination with Robert Hudock of Hudock Employment Law Group
The Perfect Recruiting Email with Dustin Riechmann of Simple Success Coaching
Top 3 Offer Mistakes when Hiring with Rick Girard of Intertru Inc.
Hiring Without Money with William Glass of Ostrich
How to Hire a CMO with Matt Blumberg of Bolster
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