ENTREPRENEURSHIP

Detailed explanation-1: -Bootstrapping describes a situation in which an entrepreneur starts a company with little capital, relying on money other than outside investments. An individual is said to be bootstrapping when they attempt to found and build a company from personal finances or the operating revenues of the new company.

Detailed explanation-2: -Bootstrapping is a term used in business to refer to the process of using only existing resources, such as personal savings, personal computing equipment, and garage space, to start and grow a company.

Detailed explanation-3: -VC-funded startups focus on rapid growth and making things happen faster to meet investor targets while keeping the business profits secondary whereas bootstrapped firms are very efficient with their money and always consider business profits primary for their survival.

Detailed explanation-4: -Startups are companies or ventures that are focused on a single product or service that the founders want to bring to market. These companies typically don’t have a fully developed business model and, more crucially, lack adequate capital to move onto the next phase of business.

Detailed explanation-5: -Startup capital is the money raised by an entrepreneur to underwrite the costs of a venture until it begins to turn a profit. Venture capitalists, angel investors, and traditional banks are among the sources of startup capital.