BOOTSTRAPPING
Bootstrapping refers to the efforts of an entrepreneur to start a business using his own assets as the source of capital.
Bootstrapping can also refer to a highly leveraged transaction when an investor acquires a controlling interest in a company, financing the transaction by using the assets of the company as collateral for the loan.
It frees the entrepreneur from having to pay interest on a loan or from having to share any potential profits with other investors. However, entrepreneurship involves significant risk.
EXAMPLE-
Someone who starts a business using $100,000 of their own money is bootstrapping.
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