Joel Spolsky talks about how to bootstrap your business with no cash

I actually thought that the most interesting comments were at the end of the interview.

"What the VCs created by not investing in entrepreneurs during the .COM winter, was they created a breed of super entrepreneur... That breed of entrepreneur didn't need money, they figured out how to make a business without a lot of money, and now they don't need the VC's any more and the VC's are freaking out."

He also mentioned that companies that take VC money are actually at a competitive disadvantage over those that do take money. The VCs force the startup to take a big exit, so the VC can make their 10x return on their investment in 5-7 years. But, if a company doesn't take money, they can be bought for a lot cheaper, and are a more likely target for acquisition. A VC backed company is going to be 10x more expensive than a non-VC backed company.

You can get the MP3 from here:

http://www.venturevoice.com/2005/11/vv_show_20_joel_spolsky_...

One of my pet hates is using video, especially online non downloadable video, when it adds absolutely nothing. Video lectures with slides I can understand - but a static one frame face of Joel?

This was a terrific interview; I listened to the whole thing. Thanks for posting it. Joel has such a lively manner: I wonder if there are other recordings of him?

Digg this podcast!

http://digg.com/programming/Joel_Spolsky_on_How_to_Bootstrap...

Second DaniFong. Great interview, listened to the end.

Definitely worth listening to all the way to the end (it gets much better at the end).

Does anyone happen to have a transcript of this?

gotta love Venture Voice