What is the meaning of bootstrapped in this sentence?
I’ve built a few software businesses from scratch (all bootstrapped!) and I thought you might find it interesting to hear a bit more about the journey.
asked Nov 28 '19 at 5:59
I am the Most Stupid PersonI am the Most Stupid Person
2441 gold badge3 silver badges12 bronze badges
-
Have a look here: en.wikipedia.org/wiki/Entrepreneurship#Bootstrapping. According to this, "bootstrapping" refers to several methods of providing startup finance which avoids seeking external investors. – John Go-Soco Nov 28 '19 at 8:58
-
@JohnGo-Soco Got it, It should be the meaning. Could you write it as an answer? So I can accepted it – I am the Most Stupid Person Nov 28 '19 at 9:16
Add a comment
|
Bootstrapping in business terms refers to starting a company relying on money other than outside investors. The point of it is to ensure that the entrepreneur is able to maintain control of the company - albeit with personal financial risk.
Sources:
Bootstrapping has many meanings, in this context its referring to computing.
You can read about that specifically here > https://en.wikipedia.org/wiki/Bootstrapping#Computing
Even within that context is a pretty vague expression.
You should try googling before posting though :)
-
1If you read the question, I think you'd find that software bootstrapping is not the correct context. – John Go-Soco Nov 28 '19 at 8:56
