Well said, Alex.

Chad Ballantyne
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On 2013-10-09, at 2:54 PM, Alex Hillman <[email protected]> wrote:

> No surprises to anyone who frequents the list, I'm a very big proponent of 
> bootstrapping.
> 
> I ran a conference on bootstrapping here in Philadelphia with one of my 
> longtime friends and community members:
> 
> http://baconbiz.com (videos are free!)
> 
> Yesterday, I got to sit on a panel at the International Economic Development 
> Corporations conference in Philadelphia. I was the only person representing 
> the bootstrapping mentality, and shared a lot of the perspective that we've 
> been acting on while growing Indy Hall (written here 
> http://dangerouslyawesome.com/2010/12/on-economic-development-centers-and-coworking/).
> 
> To re-emphasize and agree with the key points that I'm reading here, one of 
> the other panelists who represented one of the longest running regional EDCs 
> (who I'm friendly with on a personal level, by the way), said 
> 
> "Economic development used to be punctuated with a ribbon cutting for a 
> company that would bring 100+ jobs. It just doesn't happen that way anymore, 
> and it hasn't in a while."
> 
> I think where coworking fits into the equation here is that we're helping 
> create jobs in a different way than has been historically counted: we're 
> helping people create and maintain jobs for themselves. 
> 
> Whenever someone asks me how many jobs Indy Hall has created, I tell them 
> 
> "I don't know exactly, but I do know that there are 250+ people here that 
> made money last month...they're making money this month...and they're very 
> likely to be still making money next month. I think that's more than you can 
> say about the job security of many "created" jobs."
> 
> I tend to get a lot of somber nods from the EDC folks when they hear that out 
> loud.
> 
> -Alex
> 
> 
> 
> 
> --
> 
> /ah
> indyhall.org
> coworking in philadelphia
> 
> 
> On Wed, Oct 9, 2013 at 11:49 AM, Kevin Koym <[email protected]> wrote:
> Brydon
> My company Tech Ranch  (that we bootstrapped up ourselves to a 10k sq food 
> facility) has programs that are focused on helping entrepreneurs (many that 
> bootstrap their ventures) off the ground.  We have a program called Venture 
> Forth that helps at this stage.  As well, as one of the leaders of Bootstrap 
> Austin we built a substrate of bootstrappers helping bootstrappers.  My work 
> in Tech Ranch has been to develop this model- further.  
> 
> I am working on a book about the model, and have replicated parts of it in 
> Chile, as well as are talking with a couple of other locations about 
> partnering with them using our programs.  I studied 36 models of entrepreneur 
> support in building our model- and am personally passionate about helping as 
> many entrepreneurs get their businesses off the ground as possible.
> 
> Although its early for a lot of conversations (we're really building the 
> infrastructure for growing this) I wanted to respond to your email and let 
> you know of pointers to some of the work that we've done- I do believe that 
> traditional economic development thought misses the massive opportunity for 
> helping early stage entrepreneurs- especially bootstrappers- that are not as 
> flashy / well funded but a very important part of the entrepreneurial 
> ecosystem.
> 
> I hope this helps- just now really getting onto the Coworking google group, 
> and thought I'd weigh in on this topic.
> Thanks,
> Kevin 
> 
> 
> On Wed, Oct 9, 2013 at 9:06 AM, Brydon Gilliss <[email protected]> 
> wrote:
> I wrote a blog post yesterday about the concept of economic development 
> supporting the sweat-it-out bootstrapper. I figured I'd share it here in case 
> others know of real programs out there already doing variations of this?
> 
> thanks,
> 
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> 
> -- 
> Kevin Koym
> [email protected]
> @kkoym
> 
> http://techranchaustin.com 
> Accelerating Entrepreneur Success
> 
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