1.
Re: Bootstrapping? Sep 19, 2008 11:19 AM
Bootstrapping??
*From Wikipeda, *the history of bootstrapping or *booting which
began in the 1880's as a leather strap*
*and evolved into a group of
metaphors that share a common meaning, a self-sustaining process*
*that
proceeds without external help*.
*also, Financial bootstrapping is a term used to cover different methods for avoiding using the financial resources of external investors.
Bootstrapping can be defined as “a collection of methods used to
minimize the amount of outside debt and equity financing needed from
banks and investors”. The use of private credit cards is the most known form of bootstrapping, but a wide variety of methods are available for entrepreneurs. While bootstrapping involves a risk for the founders, the absence of any other stakeholder gives the founders more freedom to develop the company.*
Nothing original. Copied from Wikipeda, LUCKIEST
