“Forget about venture capital. Only about 4% of all startups get it, and you’re probably not going to be one of them.
“I happen to think that bootstrapping is absolutely the best way to start a company.
“It teaches you discipline, how to manage resources, and it forces you to be very creative and innovative. There’s nothing wrong with sleeping on a futon and eating Ramen!”
Want your business advice featured in Instant MBA? Submit your tips to [email protected]. Be sure to include your name, your job title, and a photo of yourself in your email.
NOW WATCH: Ideas videos
Business Insider Emails & Alerts
Site highlights each day to your inbox.