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 ?
Dowie hauled Palace up by the boot-straps and into the top flight last season via the play-offs after taking over in December with the club in the bottom four of the Championship.
But he was not prepared to outstay his welcome, and the least Hussain deserved for dragging English cricket's reputation up by its boot-straps was an exit through the front door instead of being smuggled out of a side exit.
AS SOMEONE who picked up an ailing Newport by it's boot-straps and transformed it into one of the most successful rugby clubs in Europe, Tony Brown knows exactly how his Bridgend counterpart Leighton Samuel is feeling.
The work hard, save well, pull yourself up by your boot-straps philosophy of the British people was sabotaged.
He says that unless Welsh workers are dragged up by their boot-straps, Wales will continue to slip behind the best in Europe.
Jaguar has pulled itself up by the boot-straps and now makes fine British cars.