bootstrapping definition
bootstrapping means a resampling technique with replacement of the data sampled, aiming to generate information on the distribution of the underlying data set;
bootstrapping means that the company tries to survive on its own, without depending on external funding. Typically, it can use the founders’ savings, or money from the “family, friends and fools”. Sometimes, money can come from the “liquidity event” – if a founder sells previous company or receives a large payout from a stock holding.78 “Bootstrapping” could be feasible for the company that does not require laboratory experiments and expensive raw materials to pursue the research and develop the product. In case of deep tech, while in principle it is possible to find a “rent-free” laboratory for a limited period of time (place in the wet-labs incubators), the costs of raw materials, on their own, may be difficult to cover by the bootstrapping.