Entrepreneur

When to Say No to Venture Capital

Instead of seeking financing, Ryan Smith spent four years bootstrapping to get his company off the ground. Here's why.
Hurry up and wait: Ryan Smith of Qualtrics.

Ryan Smith knew he wanted to build a company he could grow over the long haul. So rather than race to find financiers in 2002, the co-founder and CEO of Qualtrics spent four years bootstrapping his enterprise survey provider from his dad's basement.

That low overhead helped the Provo, Utah, startup reach profitability almost immediately. As the company

Sie lesen eine Vorschau. Registrieren Sie sich, um mehr zu lesen.

Mehr von Entrepreneur

Entrepreneur6 min gelesen
What It's Like to Be Mentored by Gwyneth Paltrow
The actress and CEO chats with her mentee, the cofounder of Maisonette, about finding support as an entrepreneur.
Entrepreneur9 min gelesen
From Bankruptcy to $87 Million in Funding: How Tamara Mellon Saved Her Namesake Brand
The Jimmy Choo co-founder has faced plenty of hurdles as an entrepreneur. But now, she's clinging tight to her vision -- and finding new levels of success.
Entrepreneur3 min gelesen
How Cameo Survived a Public Relations Nightmare
Listen to Cameo's founder discuss his PR nightmare on our podcast Problem Solvers. Steven Galanis was in his office one day last November when he got a text from a guy who works for NFL legend Brett Favre. “This is bad,” the text said. “What do we do