July 18, 2008

Origin of the term Bootstrapping

The use of the term bootstrap derives from the phrase to pull oneself up by one’s bootstrap, widely thought to be based on one of the eighteenth century Adventures of
Baron Munchausen, by Rudolph Erich Raspe. The baron tells a series of tall tales about his travels, including various impossible feats and daring escapes.

Th larger meaning is When you “pull yourself up by your bootstraps,” you succeed – on your own – despite limited resources. As simple as that

Dell and EDS are some of the famous bootstrapped companies.

And a question,One of the way to start a company is to raise funds from 3F's, what does it stand for

Answer in comments

1 comment:

praneeth said...

Friends, Family and Fools.

My personal exp - never mix Friendship and Business, u will ruin both