Startupalooza/iBreakfast.com is the monthly gathering of Digital Media Executives, Entrepreneurs, Investors and Media.
We meet with industry Rock Stars, dine on Big Ideas and help Start-Ups raise Millions. In New York, New Jersey, DC, Boston and Los Angeles.
Monday, January 19, 2015
What Bushmen can Teach You about Finding Money & Bootstrapping
How Startups can Survive the Drought and Find Investors
All
Startups will endure "the drought" - when customers are scarce and
investors non-existent.The more you can successfully bootstrap the
company, the more you impress potential Investors. If you want to know
how to endure “the drought” and find the money, think of the Bushmen or San of the Kalahari Desert. They get rain during one season of year, and conserve what they can with little technology - for the rest of the time, as desert insiders, they know how to find water through alternative sources.
What if you are a newcomer - a Startup in the desert? How would you find water?
You do this by what might be called "Salting the Monkey."
San drinking from a tuber
After they have run out of watering holes, wet sands and water stored in buried ostrich eggs, the San
extract moisture from tubers growing beneath the ground. It is about as
close as this desert comes to a water cooler but only a native could
find its sublimely subtle shoots and live off the moisture they have to
scrape from it. Anyone else would expire, which explains why desert
Insiders have an advantage.
How to “Salt the Monkey” to Find Money and Business
How would an Entrepreneur, stuck in this wilderness, tap the resources of the true insiders? Tribesmen
from surrounding areas who find themselves in this situation use other
animals like baboons to help them find these sources of water. They do
this by trapping the baboons or monkeys and feeding them salt so they
get thirsty enough to lead them to water.
All it requires is
finding a monkey hangout, an anthill, some seeds (a shiny object works
too), twine and the aforementioned salt. First, the visitor makes a hole
in the cement-like anthill at about crouching height. Next, the visitor
appears near the monkey and plays with his seeds, making sure to get
its attention. With great showmanship that ensures the monkey observes,
he places his hand in the amply sized hole and drops the seeds. Then he
walks away. The monkey, being a highly curious creature, will head for
the anthill once the tribesman has left the scene put his hand in and
grab the seeds. However, in making the fist, the monkey finds the hole
is not big enough to remove his hand bulging with the seeds. Since the
curiosity of monkey so consuming, he cannot let go of the seeds - and so
he is trapped. He feeds the monkey the salt and soon enough the thirsty
creature leads him to an underground lake.
Finding a champion
in the desert and inspiring them enough so they lead you to the
critical resource is they way every savvy Entrepreneur has launched
their Startup.
No comments:
Post a Comment