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Sevetri Wilson - Bootstrapped to Raising Millions

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Bootstrapped to Raising Millions: summary, description and annotation

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In Bootstrapped to Raising Millions, Sevetri Wilson, CEO & Founder of Resilia, shares an invaluable collection of private journal entries mapping her journey from bootstrapping to raising millions in capital during Resilias Series A funding round, which happened to close right at the start of the coronavirus pandemic. Offering a load of gems at an unprecedented and trying time such as this, Bootstrapped to Millions is sure to give any ambitious entrepreneur a head start in building their very own startup. Chapters cover how to go from idea to product, properly diving into the hiring process, getting prepared to raise, pre-seed season, championing accelerators and pitch competitions, and much more. Readers will even receive an inside look at Wilsons SAFE Agreement and her first deck.

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Table of Contents Guide Pages SEVETRI WILSON RESILIENT How to Overcome - photo 1
Table of Contents
Guide
Pages

SEVETRI WILSON

RESILIENT
How to Overcome ANYTHING & Build a Million Dollar Bussiness With or Without Capital
Copyright 2021 John Wiley Sons All rights reserved Published by John Wiley - photo 2

Copyright 2021 John Wiley & Sons. All rights reserved.

Published by John Wiley & Sons, Inc., Hoboken, New Jersey.
Published simultaneously in Canada.

No part of this publication may be reproduced, stored in a retrieval system, or transmitted in any form or by any means, electronic, mechanical, photocopying, recording, scanning, or otherwise, except as permitted under Section 107 or 108 of the 1976 United States Copyright Act, without either the prior written permission of the Publisher, or authorization through payment of the appropriate per-copy fee to the Copyright Clearance Center, Inc., 222 Rosewood Drive, Danvers, MA 01923, (978) 750-8400, fax (978) 646-8600, or on the Web at www.copyright.com. Requests to the Publisher for permission should be addressed to the Permissions Department, John Wiley & Sons, Inc., 111 River Street, Hoboken, NJ 07030, (201) 748-6011, fax (201) 748-6008, or online at http://www.wiley.com/go/permissions.

Limit of Liability/Disclaimer of Warranty: While the publisher and author have used their best efforts in preparing this book, they make no representations or warranties with respect to the accuracy or completeness of the contents of this book and specifically disclaim any implied warranties of merchantability or fitness for a particular purpose. No warranty may be created or extended by sales representatives or written sales materials. The advice and strategies contained herein may not be suitable for your situation. You should consult with a professional where appropriate. Neither the publisher nor author shall be liable for any loss of profit or any other commercial damages, including but not limited to special, incidental, consequential, or other damages.

For general information on our other products and services or for technical support, please contact our Customer Care Department within the United States at (800) 762-2974, outside the United States at (317) 572-3993 or fax (317) 572-4002.

Wiley publishes in a variety of print and electronic formats and by print-on-demand. Some material included with standard print versions of this book may not be included in e-books or in print-on-demand. If this book refers to media such as a CD or DVD that is not included in the version you purchased, you may download this material at http://booksupport.wiley.com. For more information about Wiley products, visit www.wiley.com.

Library of Congress Cataloging-in-Publication Data is available:

ISBN 9781119773870 (Hardcover)
ISBN 9781119774037 (ePDF)
ISBN 9781119773931 (ePub)

Cover design: Paul McCarthy
Cover image: Getty Images | Baona

A special thank you to my tribe, support system, and everyone who continues to show up for me in unexpected ways. Thank you to Jeanenne for feeling that my startup and business story should be told.

Thank you to my Mama and Daddy, who taught me to be Resilient. Even in death, you continue to give me life.

This one is for all the aspiring entrepreneurs and the entrepreneurs who have faced the ups and downs of starting something. It's for the team members who have stayed on throughout the journey to build something special even amidst the unknown. It's for the resilient builder in all of us.

Introduction

You can't always be first, but you can be better.

Sevetri Wilson

Before the coronavirus spread across the globe, we were just settling into a brand new office in New York City and positioning our executive team to grow from thereall while maintaining our office in New Orleans, which allowed me to keep my promise to cultivate talent from the place I'm from.

See, the year 2020 was supposed to be a big deal. But then as the agony began of watching, as many of my friends and family were laid off or saw their businesses shutter, I started to realize that 2020 was definitely not going to be what I had bargained for. Then as the year progressed and with the aftermath of the last several months, COVID-19, the murder of George Floyd and Breonna Taylor, as well as the protests across the world that would follow, 2020 was still a big deal! 2020 was a year of reckoning for many, forcing everyone to come to grips with the end of normalcy as we've known it. COVID-19 took with it jobs and security for hard-working families across the world. Here in the United States we were slow to respond, some even slower than others. On a call with an investor, we discussed how businesses would now be tested more than ever. Some of us would come out on top (those that were fortunate), some would stay flat (also fortunate), and others would close. The pandemic would test our ability to pivot or capture new opportunities, but more than anything it would test our sanity and ability to keep our teams going when everything around us was turned upside down.

This book is different. I hadn't imagined writing it while going through a pandemic and through our generation's version of a Civil Rights movement.

Yet, in this book I'm going to go there. I'm going to walk you through how I bootstrapped my first business to how I raised millions for my second company, all while retaining majority control; all while at the onset of a pandemic. My hope is that this book will offer something that was missing when I started building as an entrepreneur. I hope that it will shed light on what seems like the impossible, and bring new ways of thinking about challenges. I hope it is a bridge to the other side of your goals, a how-to guide of sorts that will bring about the awakening and push you've been looking for. I hope that it is both inspirational and aspirational. Never would I have imagined that someone like me, a first-generation college student who went to school on a full Pell grant, who grew up in a six-person household while her mother brought in a $26,000 yearly salary, would make it this far. There was no one to teach me the blueprint, but I hope to show you how I built my company from literally nothing while providing a ground-up approach, one where you can start from anywhere.

This book won't be an easy ride, but neither is business. Instead, I hope it will be a journey to economic and financial freedom through ownership, as that is what building a business has been for me.


Coming From Where I'm From

To be a woman you have to look like a girl, act like a lady, think like a man, and work like a dog.

Leah Chase

Attending Louisiana State University (LSU) for undergrad opened up an entirely new world for me. I come from a small town about 45 minutes outside of New Orleans, the city where my mama and her family are from.

The first time I became really aware of technology was when I was in middle school, when my mother brought home our first computer, a Dell desktop. We didn't have the Internet, but my Mama would get these AOL dial-up cards for free. Now, obviously, I would be exposed more to technology in college, but I had no idea that my journey would lead me into tech.

At LSU, I met a professor who truly pushed me and many others to go beyond the thinking of the small towns we came from. Dr. Leonard Moore would likely have the single most impactful role in my life while I was in collegeso much so that I added history as a second major. Yet, more than anything, he showed how someone could manage multiple opportunities. He had written books naturally as a college professor, but he and his wife Thais had also started a program for youth, and a youth church. He was living a life that I had never imagined was a possibility. There was nothing luxurious about it, either; outwardly at least he lived very modestly but I had never seen this coming from where I was from. Over the course of my life, exposure has helped me more than anything to actually realize the possibilities of not only my work, but what my life could be like as well.

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