Welcome!

News Feed Item

"Bootstrapped" Entrepreneurs Are More Optimistic About U.S. Economy and Investing in Their Business in 2014

Survey from Mainsail Partners Finds Optimism is Strong, but Landing Top Talent Remains a Challenge

SAN FRANCISCO, Jan. 23, 2014 /PRNewswire/ -- Mainsail Partners, a leading growth equity firm based in San Francisco, today announced results from the firm's third annual survey of over 500 entrepreneurs and executives of bootstrapped companies.  The goal of the survey is to track the sentiment of entrepreneurs and understand the biggest challenges these self-funded business owners face as they head into the new year.

This year's survey is the most optimistic view of the economy in the three years Mainsail has conducted the survey.  Over 54% of respondents said they expect the U.S. economy to do better in 2014, up from 42% in the previous year's survey.  Entrepreneurs are also more optimistic about their own businesses this year with 75% of respondents saying they expect their business to grow faster in 2014.  This represents an increase of 10 percentage points over last year's response.

For the second year in a row, "Product Development" was cited as the most important area of investment with 52% of respondents highlighting this as an area to invest in 2014.  "Sales Staff" and "Marketing/PR" were a close second and third.  Entrepreneurs and executives cited fewer challenges to growth in the coming year with one exception – hiring top talent.  Nearly half of all business owners cited "Finding Good People to Hire" as a challenge to growth in 2014.  On the other hand, the number of entrepreneurs highlighting "Macroeconomic Trends" as a challenge was down nearly 50% from the previous year.

"The bullish outlook of business owners we surveyed is similar to the sentiment of many of our own portfolio company managers, as well as the many entrepreneurs we speak with every day," said Gavin Turner, Mainsail's co-founder and Managing Partner.  "We saw a pronounced shift in this year's feedback away from concerns about the macroeconomy toward a focus on investing for growth.  Hiring top talent, sales and marketing, and product development were once again the top priorities for bootstrapped companies.  It's not a coincidence that we spend most of our time in these areas helping our portfolio companies drive growth."

This was the first year Mainsail asked entrepreneurs what technologies and strategies were most important for driving growth.  Customer relationship management (CRM) systems, presentation sharing software and marketing automation software were the categories of technology most often cited, with "Salesforce.com", "GoToMeeting" and "HubSpot" as the leading products in each respective category.    

The survey was conducted in late November and early December of 2013. Mainsail surveyed nearly 500 executives of small- to medium-sized companies that have not taken previous capital from venture-capital firms, private-equity firms or other institutional investors.

For more details on the survey and results, visit www.mainsailpartners.com.

About Mainsail Partners

Mainsail Partners is a leading growth equity firm that invests in growing, bootstrapped businesses and helps build them into industry-leading companies. Mainsail leverages a dedicated team of experienced operators and a powerful network to accelerate growth at the firm's portfolio companies. The San Francisco-based firm has raised nearly $400 million in committed capital to back outstanding entrepreneurs. Mainsail's recent investments include Netchemia, a K-12 Talent Management Suite, Zen Planner, a leader in cloud-based business management software for the health and fitness industry, and nCourt, a leading provider of online payment solutions for government entities. For more information, visit http://www.mainsailpartners.com.

SOURCE Mainsail Partners

More Stories By PR Newswire

Copyright © 2007 PR Newswire. All rights reserved. Republication or redistribution of PRNewswire content is expressly prohibited without the prior written consent of PRNewswire. PRNewswire shall not be liable for any errors or delays in the content, or for any actions taken in reliance thereon.

Latest Stories
SYS-CON Events announced today that Juniper Networks (NYSE: JNPR), an industry leader in automated, scalable and secure networks, will exhibit at SYS-CON's 20th International Cloud Expo®, which will take place on June 6-8, 2017, at the Javits Center in New York City, NY. Juniper Networks challenges the status quo with products, solutions and services that transform the economics of networking. The company co-innovates with customers and partners to deliver automated, scalable and secure network...
Cognitive Computing is becoming the foundation for a new generation of solutions that have the potential to transform business. Unlike traditional approaches to building solutions, a cognitive computing approach allows the data to help determine the way applications are designed. This contrasts with conventional software development that begins with defining logic based on the current way a business operates. In her session at 18th Cloud Expo, Judith S. Hurwitz, President and CEO of Hurwitz & ...
Everyone wants to use containers, but monitoring containers is hard. New ephemeral architecture introduces new challenges in how monitoring tools need to monitor and visualize containers, so your team can make sense of everything. In his session at @DevOpsSummit, David Gildeh, co-founder and CEO of Outlyer, will go through the challenges and show there is light at the end of the tunnel if you use the right tools and understand what you need to be monitoring to successfully use containers in your...
The explosion of new web/cloud/IoT-based applications and the data they generate are transforming our world right before our eyes. In this rush to adopt these new technologies, organizations are often ignoring fundamental questions concerning who owns the data and failing to ask for permission to conduct invasive surveillance of their customers. Organizations that are not transparent about how their systems gather data telemetry without offering shared data ownership risk product rejection, regu...
@GonzalezCarmen has been ranked the Number One Influencer and @ThingsExpo has been named the Number One Brand in the “M2M 2016: Top 100 Influencers and Brands” by Analytic. Onalytica analyzed tweets over the last 6 months mentioning the keywords M2M OR “Machine to Machine.” They then identified the top 100 most influential brands and individuals leading the discussion on Twitter.
Grape Up is a software company, specialized in cloud native application development and professional services related to Cloud Foundry PaaS. With five expert teams that operate in various sectors of the market across the USA and Europe, we work with a variety of customers from emerging startups to Fortune 1000 companies.
Financial Technology has become a topic of intense interest throughout the cloud developer and enterprise IT communities. Accordingly, attendees at the upcoming 20th Cloud Expo at the Javits Center in New York, June 6-8, 2017, will find fresh new content in a new track called FinTech.
New competitors, disruptive technologies, and growing expectations are pushing every business to both adopt and deliver new digital services. This ‘Digital Transformation’ demands rapid delivery and continuous iteration of new competitive services via multiple channels, which in turn demands new service delivery techniques – including DevOps. In this power panel at @DevOpsSummit 20th Cloud Expo, moderated by DevOps Conference Co-Chair Andi Mann, panelists will examine how DevOps helps to meet th...
With major technology companies and startups seriously embracing Cloud strategies, now is the perfect time to attend @CloudExpo | @ThingsExpo, June 6-8, 2017, at the Javits Center in New York City, NY and October 31 - November 2, 2017, Santa Clara Convention Center, CA. Learn what is going on, contribute to the discussions, and ensure that your enterprise is on the right path to Digital Transformation.
SYS-CON Events announced today that Hitachi, the leading provider the Internet of Things and Digital Transformation, will exhibit at SYS-CON's 20th International Cloud Expo®, which will take place on June 6-8, 2017, at the Javits Center in New York City, NY. Hitachi Data Systems, a wholly owned subsidiary of Hitachi, Ltd., offers an integrated portfolio of services and solutions that enable digital transformation through enhanced data management, governance, mobility and analytics. We help globa...
SYS-CON Events announced today that Interoute, owner-operator of one of Europe's largest networks and a global cloud services platform, has been named “Bronze Sponsor” of SYS-CON's 20th Cloud Expo, which will take place on June 6-8, 2017 at the Javits Center in New York, New York. Interoute is the owner-operator of one of Europe's largest networks and a global cloud services platform which encompasses 12 data centers, 14 virtual data centers and 31 colocation centers, with connections to 195 add...
@DevOpsSummit at Cloud taking place June 6-8, 2017, at Javits Center, New York City, is co-located with the 20th International Cloud Expo and will feature technical sessions from a rock star conference faculty and the leading industry players in the world. The widespread success of cloud computing is driving the DevOps revolution in enterprise IT. Now as never before, development teams must communicate and collaborate in a dynamic, 24/7/365 environment. There is no time to wait for long developm...
The age of Digital Disruption is evolving into the next era – Digital Cohesion, an age in which applications securely self-assemble and deliver predictive services that continuously adapt to user behavior. Information from devices, sensors and applications around us will drive services seamlessly across mobile and fixed devices/infrastructure. This evolution is happening now in software defined services and secure networking. Four key drivers – Performance, Economics, Interoperability and Trust ...
Blockchain is a shared, secure record of exchange that establishes trust, accountability and transparency across supply chain networks. Supported by the Linux Foundation's open source, open-standards based Hyperledger Project, Blockchain has the potential to improve regulatory compliance, reduce cost and time for product recall as well as advance trade. Are you curious about Blockchain and how it can provide you with new opportunities for innovation and growth? In her session at 20th Cloud Exp...
Five years ago development was seen as a dead-end career, now it’s anything but – with an explosion in mobile and IoT initiatives increasing the demand for skilled engineers. But apart from having a ready supply of great coders, what constitutes true ‘DevOps Royalty’? It’ll be the ability to craft resilient architectures, supportability, security everywhere across the software lifecycle. In his keynote at @DevOpsSummit at 20th Cloud Expo, Jeffrey Scheaffer, GM and SVP, Continuous Delivery Busin...