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MrWhy.com » Videos » When to Stop Bootstrapping and Raise Convertible Debt - Dan Street
When to Stop Bootstrapping and Raise Convertible Debt - Dan Street
When to Stop Bootstrapping and Raise Convertible Debt - Dan Street
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When to Stop Bootstrapping and Raise Convertible Debt - Dan Street
In Chapter 9 of 20 of his 2011 Capture Your Flag interview with host Erik Michielsen, software entrepreneur and Borrowed Sugar founder Dan Street shares his excitement about raising a $600K convertible debt financing round for his business after funding the business by bootstrapping. Seeing a need to grow and compensate staff, he decides to raise outside capital after building a team up to eight people. Street reflects that bootstrapping was appropriate given his situation, and that it was a fundamental enabler in developing his vision for Borrowed Sugar. Street is the founder and CEO of Austin, Texas based Borrowed Sugar (www.borrowedsugar.com) which develops Internet software to strengthen local communities. Previously, Street worked in private equity at Kohlberg, Kravis, and Roberts (KKR) and management consulting at Bain & Co. He earned a BA in music and business from Rice University.
Channel: iTunes
Category: Business
Video Length: 0
Date Found: June 07, 2011
Date Produced: May 24, 2011
View Count: 0
 
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