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Off topic question - i've seen the phrase "bootstrapped startup" at lot, but am unsure of it's meaning. I'm familiar with the web-template 'bootstrap', but not
by therobot24 12y ago
Off topic question - i've seen the phrase "bootstrapped startup" at lot, but am unsure of it's meaning. I'm familiar with the web-template 'bootstrap', but not sure how it sets one startup apart from another. Does it mean that they are they funded and out of "stealth mode", or that they specifically use the bootstrap template (meaning low cost, potentially unfunded)?
- hboon 12y agoRefers to a startup that is funded by the founders and from reinvesting the profits of the startup, rather than funding from angels and VCs. It comes from the term bootstrap used in computing.
- smcl 12y agoI think it may actually be from the idiom "to pull yourself up by the bootstraps" meaning to succeed depending solely on yourself: http://en.wiktionary.org/wiki/pull_oneself_up_by_one%27s_bootstraps http://en.wiktionary.org/wiki/pull_oneself_up_by_one%27s_boo...
- efraim 12y agoThat is precisely where the term comes from in computing. A computer that is booting up is starting itself up.