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

You're reading a preview, sign up to read more.

More from Entrepreneur

Entrepreneur5 min read
Bobbi Brown's Guide to Success: Go To Fewer Meetings, and Take More Action
What do you do for a second act, when your first act literally changed an industry? That was the question facing makeup powerhouse Bobbi Brown, whose simple line of lipsticks blossomed into the billion-dollar company Bobbi Brown Cosmetics. She left i
Entrepreneur3 min readTech
What Work Should You Outsource?
Small businesses don't need a big team to make a big impact. Here's how to be strategic about what work gets outsourced.
Entrepreneur3 min read
Want to Make a Deal? Stop Selling and Start Connecting.
ABC. Always be closing.” Everyone in sales has heard that line. The rest of the world probably knows it from the 1992 film Glengarry Glen Ross, where Alec Baldwin’s character treats it as gospel. It’s taken as truth in the sales world. But here’s the