Bootstrap

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Related to bootstraps: pull yourself up by your bootstraps, pull up by bootstraps

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 ?
MATHEMATICAL EXPRESSION NOT REPRODUCIBLE IN ASCII] = the standard error found by calculating the SD of the bootstrap estimates of [theta], and
A BILLION BOOTSTRAPS Microcredit, Barefoot Banking, and the Business Solution for Ending Poverty Phil Smith & Eric Thurman McGraw-Hill / April 2007 ISBN: 0071489975 / $24.
the approach has much to teach--and even companies that have progressed beyond their bootstrap days would do well to relearn some of the proven tactics" (p.
He needs to find a way to involve himself in the game,'' Jackson said, ``and the scoring end at times so Kobe doesn't have to all of a sudden say, `I'm going to have to pick this team up by the bootstraps and go after it.
Delia pulls herself up by her bootstraps, first cleaning with the Dust Bunnies service, then returning to her first calling -- cosmetology -- taking over the Bee's Bonnet Beauty Salon (just down the road from Biscuit World and Goobers restaurant and bar).