Press Release, November 15th, 2007
Business District Magazine Announces New Marketing Package for Growth Companies

Marketing Package Proposal
bijoy testimonial

The Building of a Message

Founded by Bijoy Goswami in July 2003, Bootstrap Austin is a community of entrepreneurs dedicated to building companies by taking the bootstrap approach taken by entrepreneurs such as Michael Dell, Bill Gates, Richard Branson and John Mackey. 

By September, 2006, Bootstrap Austin had grown organically to 600 members and faced two key challenges: First, the bootstrap message had evolved beyond simply eschewing investor capital and become more complex and nuanced. Described with phrases like, “right action right time,” “constraint creates innovation,” “demo/sell/build,” it became increasingly difficult to convey through a simple sound bite. Additionally, the importance of community in the entrepreneurial journey had become integral. A majority of the Bootstrap members did not truly understand the complete picture. Furthermore, bootstrapping was challenged by its juxtaposition with the more glamorous VC path and perceived as inferior.

Second, the ecosystem of entrepreneurial support organizations is geared either towards cookie-cutter businesses or VC-funded ones. Bijoy wanted to differentiate the bootstrap path to this group and to the broader Austin population. 

Having no experience in the media world, Bijoy approached Business District magazine founder and Bootstrap Contributor, Jason Myers for advice and help in using the media to address these challenges. Under Jason’s guidance and mentorship, a customized and sustained media program was organically developed.

Through a systematic approach, Jason and Bijoy crafted a series of articles, blogs, radio appearances, advertising and speaker opportunities designed to convey different aspects of the Bootstrap message to maximize effectiveness. 

This resulted in the following opportunities leveraged through Business District Publishing over the past year:

  1. Article in Oct 2006 Business District, “Silicon What? A brief history of the Silicon Valley and its comparison to our own goals for success.”
  2. Article in Nov 2006 Business District “Come Together, Right Now (Over Us)
  3. Radio Show appearance in March 2007
  4. Web Exclusive article: “Constraint Creates Innovation” (June 2007)
  5. Promotion of the Bootstrap Book Club on the radio and podcast, July 2007
  6. Radio Show Appearance and podcast, September 2007 to talk about article
  7. October appearance on the radio to showcase Bootstrap Contributors Marcy Hoen (Ideation subgroup) and Allen Beuershausen (Art Subgroup)
  8. Attendance at the Austin Open4Business Conference for Bijoy and promotional code given to all bootstrap members.
  9. Weekly Bootstrap Blog on BD Tech daily, starting in September
  10. Two Articles in November 2007 issue: “What dya think?” Coverage of Bijoy’s debate with Tom Ball from Austin Ventures about Bootstrapping vs.Venture funding, and “Investor funding (much) later than you think.”

Through every step of the process, Jason and Bijoy collaborated on developing a cohesive narrative of the bootstrap message. Each successive media message was self-contained but also reinforced and built upon the previous one. Jason guided each step, including message content, sequencing and medium.

The results have been phenomenal. Awareness of bootstrapping and Bootstrap Austin has risen dramatically in the last year. Entrepreneur support organizations – government and non – have a much-increased awareness of Bootstrap Austin and the bootstrap process. Bootstrapping is seen as an entrepreneur-friendly and principled approach to building a business. When polled, a majority cited one of the above Business District sources. The Bootstrap Austin community has grown to almost 1000 members in the past year. The membership displays a significantly increased understanding of the nuances of the bootstrap process. Bijoy has become a recognized authority on bootstrapping and is asked to present and speak on the topic, both in Austin and around the country.

One of the unexpected and profound benefits was the refinement and articulation of bootstrapping as a ‘third way’ of entrepreneurship. Bijoy reflects, “The discipline of the writing process directed by Jason and geared towards an audience, helped distill the message. It gave me clarity about the Bootstrap brand which I didn’t have when we started. This is hard work, but incredibly worthwhile!” Armed with the brand message and lessons learned from 2007, Bijoy plans to expand the bootstrap evangelist campaign to a broader national audience in 2008. This includes writing a book on bootstrapping drawing from the articles and content, continuing to rely on Jason’s advice and counsel.



     
Powered by Levelfield