Bootstrapping is a method of raising capital that taps the power of social networking and allows entrepreneurs to post their elevator pitches and proposed investment terms on specialized Web sites and raise money from ordinary people who invest as little as $100.

Question

Quizplus · Accepted Answer

Bootstrapping refers to starting and growing a business using personal finances or the business's own revenue, not raising capital through social networking or crowdfunding platforms.

Bootstrapping Is a Method of Raising Capital That Taps the Power