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A bootstrapped startup would not have to be answerable to external entities but would have to be cognizant that the bootstrapped money would only last so long, and they would have to turn to investors if they are unable to make themselves profitable.

By protecting the ideas and innovations of creators and businesses, these legal protections incentivize investment in new and exciting technologies and products and ensure that the benefits of such investments are shared fairly among all parties

From Masks to Unicorns: The Fate of Pandemic-Era Startups • As per the data presented in the Parliament Budget Session, the growth rate of active companies in India registered with the Ministry of Corporate Affairs, is just 12.23 % from 2020 to January 2023, while it was about 77.6% from…