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Peloton’s former billionaire CEO says he’s lost all his money and had to sell his possessions
(finance.yahoo.com)
this post was submitted on 28 Aug 2024
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Ironically though bootstrapping is also now a term that means to install computer systems or fabrication hardware starting with the most basic tool then using that to create the next tool needed in the install process - going from a hammer to a laser cutter is a lot of steps but it's not impossible.
I always thought it was popularized by the guy who rode a cannon ball into battle and fought a giant crocodile - barron von munchausen, from where we get the name for people who fake medical conditions- but his claim was to have saved himself from drowning by pulling himself up by his own hair. I wonder if that 1785 book why boot straps were mentioned in the textbook you mention.