Bootstrapping
4 practice questionsEntrepreneurshipStep-by-step solutions
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1
A major advantage of bootstrapping over taking outside investment is that founders:
A.Get unlimited cash
B.Retain full ownership and control
C.Avoid all risk
D.Never need revenue
2
A key advantage of bootstrapping a business is that the founder:
A.Gives up most ownership
B.Retains full control and ownership
C.Has unlimited funding
D.Cannot make decisions
3
An individual who invests their own money in early-stage startups, often providing mentorship, is an:
A.Angel investor
B.Auditor
C.Stockbroker
D.Customer
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