With the rise of the modern venture capital industry, the notion of needing institutional funding to start a technology startup has been challenged by many founders. Bootstrapping, or using one’s own resources to build a business, has been a longstanding practice, with successful companies like Spanx, Craigslist, and GoPro starting this way. Today, there is a renewed interest in bootstrapping among founders, with the emergence of “seed-strapping” as a new concept in the startup world.
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Niger’s anger that a piece of Mars ended up for auction
Prof. Paul Sereno expressed outrage over the auctioning of a rare Martian meteorite, NWA 16788, discovered in Niger, which sold for $4.3 million in New York, raising concerns about the legality of its export. The Nigerien government has launched an investigation, citing potential illicit trafficking, while Sotheby's maintains that all procedures were followed. Want More Context? 🔎
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