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What is bootstrapping?
What is bootstrapping?
- A type of investment strategy used by venture capitalists
- A method of cooking food using hot coals
- A situation in which an entrepreneur starts a company with little capital (correct)
- A type of shoe worn by entrepreneurs
Who typically uses bootstrapping as a method for starting a company?
Who typically uses bootstrapping as a method for starting a company?
- Entrepreneurs with limited capital (correct)
- Government agencies
- Established corporations
- Wealthy individuals
How does bootstrapping differ from traditional methods of starting a company?
How does bootstrapping differ from traditional methods of starting a company?
- Traditional methods involve using personal savings to start a company
- Traditional methods involve borrowing money from banks or investors
- Bootstrapping involves relying on outside investments
- Bootstrapping involves starting a company with little capital (correct)
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