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 ?
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.
Instead he's dragged the club up by the boot straps and given every one a nasty shock.
M&S, which has managed to pick itself up by the boot straps, is about to launch a fresh strategy led by weird and wonderful technology.
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.
Fergie has pulled herself up by the boot straps,paid off her debts and earned respect.
We couldn't sink any lower and people have worked so hard to pull this club up by its boot straps.