Bootstrapping

Word of the Week
#EnvolveEDU

Bootstrapping

/ˈbuːtstrapING/ v.
 
The act of starting and building a company through personal finances, little capital, sweat equity or the operating revenues of the new company.
In comparison with financing through angel investors/VCs, bootstrapping could be more beneficiary, since the entrepreneur has better control regarding the company’s decision making.
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