What is the meaning of bootstrapped in this sentence?
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.
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:
- https://en.wikipedia.org/wiki/Entrepreneurship#Bootstrapping
- https://www.investopedia.com/terms/b/bootstrapping.asp