Cinderella started with humble beginnings and bootstrapped her way to success ... "
Charles Perrault
Liliputins. What, the heck, is this?
http://stihi.ru/2021/11/24/7101
***
bootstrap
verb
bootstrapping (present participle)
get (oneself or something) into or out of a situation using existing resources:
"the company is bootstrapping itself out of a marred financial past"
start up (an internet-based business or other enterprise) with minimal financial resources.
The term bootstrapping refers to a situation in which an entrepreneur starts a company with little capital. When an individual bootstraps, they rely on money other than outside investments. An individual is said to bootstrap when they attempt to establish and build a company from personal finances or the operating revenues of the new company.
***
Bootstrapping in the context of business refers to a situation where an entrepreneur launches a company with limited capital. Instead of relying on external investments, bootstrappers use their personal finances or the operating revenues of the new company to establish and build their business12. Here are some key points about bootstrapping:
Starting from Scratch.
Bootstrapping involves founding and running a company with minimal assets. Founders often rely on personal savings, sweat equity, and lean operations to achieve success.
Control and Risk: Unlike raising venture capital, bootstrapping allows entrepreneurs to maintain control over all decisions. However, it can also place financial strain on the individual.
Examples: Companies like Amazon, GoPro, and Facebook began with humble beginnings and bootstrapped their way to success.
Comparison: Bootstrapping contrasts with starting a company by raising capital through investors or venture capital firms. The latter typically involves proven track records or promising ideas with potential for significant returns.
In investment finance, bootstrapping also refers to a method used to build a yield curve for certain bonds, filling in gaps between yields for Treasury securities or coupon strips1. Overall, bootstrapping is about resourcefulness and making the most of what’s available to create a thriving business3.
***
Etymology From boot + strap. The sense "pull up (without aid)" comes from the phrase pull oneself up by one's bootstraps.
The phrase "pull oneself up by one's bootstraps" means to improve or become a success by one's own efforts. It is a common phrase in American political discourse, particularly present in conservative rhetoric about self-reliance. The concept is simple: To pull yourself up by your bootstraps means to succeed or elevate yourself without any outside help.