Bootstrapped
Bootstrapped is a term used in various contexts, most commonly in business and computing. In business, bootstrapping refers to the process of starting a company with minimal external funding, relying instead on personal savings, revenue generated from sales, and bootstrapping methods. Entrepreneurs who bootstrap their ventures typically reinvest profits back into the business to fund growth and operations, avoiding the need for venture capital or bank loans. This approach allows for greater control and ownership but often results in slower growth compared to externally funded companies. It emphasizes resourcefulness, efficiency, and a lean operational model.
In computing, "bootstrapping" describes the process by which a system starts up. This typically involves a sequence