Using funds from the venture team itself, or from family or friends at the startup stage of the new venture is called?

Question

Quizplus · Accepted Answer

Bootstrapping refers to using personal finances or funds from family and friends to finance a new venture in its early stages, allowing the founders to maintain control of the business and avoid giving away equity to outside investors. Venture capital refers to outside investors providing funding in exchange for equity, while Series A and Series B refer to rounds of funding from institutional investors as the business grows.

Using Funds from the Venture Team Itself, or from Family