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Refers 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 t
by hboon 12y ago
Refers 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.