What is a bootstrapping strategy and give an example.

What is a bootstrapping strategy and give an example.

• A. Financing a business with minimal external funding; example: using personal savings, delaying hiring, pre-sales.
• B. Seeking venture capital within six months of launch.
• C. Relying on bank loans for all initial costs.
• D. Outsourcing product development to reduce costs.

Answer: (A)