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So if I start with $1M of my own money, is it bootstrapped? If family (with fuzzy conditions) ponied up $250k, is it bootstrapped?
by BBC-vs-neolibs 5y ago
So if I start with $1M of my own money, is it bootstrapped?
If family (with fuzzy conditions) ponied up $250k, is it bootstrapped?
- Bjartr 5y ago$1M of your money? Yes $250k from immediate family, if said fuzzy conditions don't confer any ownership or repayment? I'd say just barely yes (it's basically a gift to you at that point, which is then your money) $250k from a third cousin in return for equity? No. Being bootstrapped isn't an ungameable category, but it is a fairly unambiguous one IMO.
- deleted 5y ago[deleted]