Your points are valid. However, although I'm not certain HER startup qualifies, there are businesses that cannot be started without at least some cash investment.
Your model really only works in software, consulting, or services. And it doesnt always work in software. Sometimes you need to buy/lease computers. Or cars. Or Steel. Or Whatever. And that takes money.
Plus, a business may be generating revenue, but have cashflow issues. This again depends on the business, model, industry, etc.
Simply saying "Bootstrap" is not always good enough. Granted, from the looks of her company, it should be in this situation, but shes already dug 60 feet into a hole, and its nearly impossible to 'bootstrap' yourself out of a situation like that.
Your model really only works in software, consulting, or services. And it doesnt always work in software. Sometimes you need to buy/lease computers. Or cars. Or Steel. Or Whatever. And that takes money.
Plus, a business may be generating revenue, but have cashflow issues. This again depends on the business, model, industry, etc.
Simply saying "Bootstrap" is not always good enough. Granted, from the looks of her company, it should be in this situation, but shes already dug 60 feet into a hole, and its nearly impossible to 'bootstrap' yourself out of a situation like that.