"Golden Bootstraps – A New Model for Entrepreneurship"

This talk presents a new model for entrepreneurship.  The conventional funding path for high-tech startups is from startup to angel investment, to venture capital, to an IPO.  This path has led to the greatest new enterprises of the twenty-first century.  In spite of that, there are problems with this path for the average entrepreneur or for the average investor.  As always, where there are problems, there are opportunities.  There is an alternative.   This alternative may seem radical and may excite controversy.  However, as fitting with the theme of this conference, it has deep roots in the past and bright promise for the future.  Particular examples of this new paradigm will be presented, including suggestions of opportunities for Carnegie Mellon University and the School of Computer Science.