AddressTwo announced today that it is accepting entries for the startup competition called “Bootstrap Battle 2011” from now until April 15th. Startup businesses less than five years old that are not accepting outside funding such as venture capital or angel investment are invited to compete. Finalists will be selected by May 1st and voting will determine the overall winner. The overall winner will receive a prize package valued over $9,000 and each of three runners up will receive a prize package valued over $2,000.
“While startup competitions are often designed to gain investors’ attention, we want to recognize and support those startups that have a well-thought-out plan to self-fund, or ‘bootstrap,’ as we call it.” Commented Nick Carter, founder of AddressTwo and author of Unfunded, a book that details his strategy for building a successful startup without accepting round-A capital investment. “In the startup community, funding seems to be all the craze. But this competition will honor those entrepreneurs who have decided not to sell equity.”
The Bootstrap Battle challenges unfunded startups to put their capitalization strategy to the test. Entrants are asked to consider the capital expenditures that their company will require as it grows. Then, detail a plan for how their company will meet this budget without selling equity. Finalists will be determined by popular vote and named by May 1st. Following a review by judges, finalists will be given the opportunity to improve their plan and resubmit for final voting. The winners will be announced in June, 2011.
Entries are being accepted online at:
Founded in 2006, AddressTwo provides small businesses with technology and processes for managing sales, marketing, and productivity. The AddressTwo CRM software, released in 2008, is a customer relationship management program designed with simplicity in mind for the unique needs of the small business owner. With resellers nation-wide, AddressTwo partners with local companies to provide hands-on support and a unique customer experience to small businesses.
CONTACT: Nick Carter, 317.594.9550, firstname.lastname@example.org