How to Bootstrap
Bruce Maxwellin an interview in the SF Chronicle:
Bootstrapping is founded on two simple techniques. The first is time-shifting your payables into the future. You don’t have the cash today, so you say to people, “If you give me this resource today, I will pay you in the future.”If you can do this on some kind of per-customer or per-transaction basis that you can document, people feel relatively confident — so (they know that) in every future transaction you do, they will get a piece of that transaction.
The second technique is barter. If you are in a business, you’ve got something that other people want. You don’t have cash, but you have a service, or software or a product.
Photo by rochelle, et. al..
jimmy goebel on December 12th, 2005 8:14 am
interesting blog.
in stats terms, bootstrapping has an important meaning. It is basically to determine probability by simulation. You do it on problems that cant be defined analytically, so you just set up the criteria, do thousands of simulations, and look at the results. THATS bootstrapping
not sure if theyre related, who knows..
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