What does bootstrapping mean?
noun
The practice of using an initial small amount of money or resources to fund and grow a business or project, often with the goal of achieving self-sufficiency or financial independence. This can involve using personal savings, loans, or other forms of financing to get started, and then using the revenue generated by the business to fund its continued growth and development.
Example
"The startup used bootstrapping to fund its early stages, relying on revenue from its initial customers to fuel its growth and expansion."
Definition generated by AI and curated by RJS Tech Solutions LLP.