Bootstrap

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Bootstrap

Term used to describe the start-up of a company with very little capital.

Bootstrap

1. To start a company with personal finances rather than through loans or venture capital. This is obviously a large risk to the entrepreneur as he/she has no recourse should the business fail. On the other hand, it allows the entrepreneur to maintain control of the business and has the potential to be very successful. It is famously said that Ross Perot established Electronic Data Systems with $1,000 in personal savings; he maintained complete control of the company until its IPO six years later. This is an example of bootstrapping. See also: Seed money.

2. To calculate the yield curve on a zero-coupon Treasury bill. Because the U.S. Treasury does not issue new T-bills constantly, bootstrapping is used to create a yield curve by filling in the missing yields on the T-bills.

bootstrap

To assist a new business in getting off the ground.
References in periodicals archive ?
The site features The Ranch's new cutting edge "Custom Boot Builder Technology," which gives customers the opportunity to grab their inner cowboy by the boot straps and design their own unique pair of handmade Lucchese Classics.
These people who moaned about Manchester getting everything are now moaning aswe are pulling ourselves up by our boot straps and turning our fortunes around.
Yet often, for all that Gerrard rolled up his sleeves to lead by example, dragging his side up by their boot straps and demanding the men around him showed as much passion as him, the doubts were apparent - too many players not good enough for the Liverpool shirt.
We no longer need to paint ourselves as a region hauling itself up by the boot straps.
Prescott has pulled himself up by his boot straps and now enjoys being the big man.
Moffett has dragged Welsh rugby up by its boot straps over the past three, dynamic years.
Shadow Ops: Red Mercury will grab gamers by their boot straps and toss them into a hyper-intense world of heroic combat, stealth infiltration and Special Forces intrigue in a battle to save the world from nuclear holocaust," said Jean-Philippe Agati, senior vice president and general manager of Atari's Los Angeles studio.
Yet often for all that Gerrard rolled up his sleeves to lead by example, dragging his side up by their boot straps and demanding the men around him showed as much passion as him, the doubts were apparent - too many players not good enough for the Liverpool shirt.
A former drinker who saw her career and family life slide away as a result of the booze, she's pulled herself up by the boot straps to become one of telly's highest paid and hottest commodities.