bootstrapped

Vocabulary Word

Definition

'Bootstrapped' usually refers to a business which is started and grown using only personal finances or the company's revenue. It's like building a car while driving it.

Examples in Different Contexts

A bootstrapped startup is one that is funded by the founders' own investment and revenue without external capital. An entrepreneur might say, 'We've bootstrapped our way through the first two years, relying on our sales to fund growth.'

Practice Scenarios

Scenario:

We have designed our system to be self-sustaining, reducing the need for anyone to intervene unnecessarily.

Response:

Right, our system is pretty much bootstrapped to suffice even during peak load moments.

Design

Scenario:

I started my design studio with bare minimum investment. All we had was a laptop and a few software subscriptions.

Response:

It sounds much like how I bootstrapped my own design firm with just basic tools and software.