I fail to see the benefit of subscribing to a viewpoint that is so black and white, and why definition that allows for no exception is necessary.
If we are taking things to the extreme, I could argue that Visa/Mastercard is your investor considering you maxed out your credit cards, you’re spending someone else’s money by doing that. And just like convertible notes or debt financing, you’ll have to pay it back. Convertible notes typically provide the option for the investor to demand cash repayment after a certain amount of time has elapsed, same as your credit card company.
These silly semantics are why I think it’s more practical to define bootstrapping as an operational philosophy/mindset rather than a strict binary financial definition.
> I fail to see the benefit of subscribing to a viewpoint that is so black and white, and why definition that allows for no exception is necessary.
Maybe look at it in a different situation. Imagine someone punched you in the face and when you confront them about it they saying that you're holding to silly semantics about what it means or does not mean to get punched in the face.
If we are taking things to the extreme, I could argue that Visa/Mastercard is your investor considering you maxed out your credit cards, you’re spending someone else’s money by doing that. And just like convertible notes or debt financing, you’ll have to pay it back. Convertible notes typically provide the option for the investor to demand cash repayment after a certain amount of time has elapsed, same as your credit card company.
These silly semantics are why I think it’s more practical to define bootstrapping as an operational philosophy/mindset rather than a strict binary financial definition.