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Showing posts with the label bootstrapped

Companies That Succeeded With Bootstrapping

Bootstrapping is likely to be part of the history of nearly every successful company, where, in many cases, it was entirely bootstrapped before accepting venture capital or other means of outside funding. Entrepreneurs who are self-made -- bootstrapped their way to success -- are a rare breed. To start a business and bring it to a successful fruition takes a sound mix of confidence, risk tolerance, self-discipline, determination and competitiveness. By taking an idea – and using talent and professionalism – to build a worthwhile business, without backing from investors or having little or no starting capital, takes great dedication, sound work ethics and pure single-mindedness to achieve this. (See Investopedia's fun slide show, "The 10 Greatest Entrepreneurs.") The origin of bootstrapping is unclear, but a couple of sayings that apply are: 1."Pull oneself over a fence by one's bootstraps" – originated in early 19th century United States – insinuates that it