Question

1. How does bootstrap financing fit into the strategic plan of a new venture?

2. For what kind of business would soliciting private venture capital be a logical financial strategy for growth? Why?

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1. Bootstrap financing refers to the strategy of using the businesses’ resources as few as possible and relying on the resources of other people to the extent feasible. It is concerned with the tasks of begging, leasing and borrowing resources which are needed to start the business. Most of the resources are provided by the entrepreneur and the personal risk of the entrepreneur...

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