Financial bootstrapping and social capital: how technology-based start-ups fund innovation

Innovation requires more than technological expertise. It is a time consuming activity requiring access to a range of resources including finance. Yet, innovators involved in start-ups rarely have direct access to significant financial resources. Instead, they turn to a variety of forms of financial bootstrapping. Defined as access to resources not owned or controlled by the individual innovator, bootstrapping involves imaginative and parsimonious strategies for marshalling and gaining control of resources. This paper reports on research into bootstrapping using case studies, drawn from biographies of well-known innovators. The study found that bootstrapping was widespread and innovators showed great ingenuity in obtaining finance without recourse to conventional financial institutions. Not only were ranges of bootstrapping techniques employed, the study also provided valuable insights into the importance of social capital, in the form of networks of friends, colleagues and other contacts, in providing innovators with access to bootstrapping finance

Bootstrapping 3D Fermions

We study the conformal bootstrap for a 4-point function of fermions $\langle\psi\psi\psi\psi\rangle$ in 3D. We first introduce an embedding formalism for 3D spinors and compute the conformal blocks appearing in fermion 4-point functions. Using these results, we find general bounds on the dimensions of operators appearing in the $\psi \times \psi$ OPE, and also on the central charge $C_T$. We observe features in our bounds that coincide with scaling dimensions in the Gross-Neveu models at large $N$. We also speculate that other features could coincide with a fermionic CFT containing no relevant scalar operators.Comment: 45 pages, 8 figures; V2: added references and small clarifications to match JHEP versio

Bootstrapping Newton Gravity

A non-linear equation obtained by adding gravitational self-interaction terms to the Poisson equation for Newtonian gravity is here employed in order to analyse a static spherically sym- metric homogeneous compact source of given proper mass and radius and the outer vacuum. The main feature of this picture is that, although the freedom of shifting the potential by an ar- bitrary constant is of course lost, the solutions remain qualitatively very close to the Newtonian behaviour. We also notice that the negative gravitational potential energy is smaller than the proper mass for sources with small compactness, but for sources that should form black holes according to General Relativity, the gravitational potential energy becomes of the same order of magnitude of the proper mass, or even larger. Moreover, the pressure overcomes the energy density for large values of the compactness, but it remains finite for finite compactness, hence there exists no Buchdahl limit. This classical description is meant to serve as the starting point for investigating quantum features of (near) black hole configurations within the corpuscular picture of gravity in future developments.Comment: 23 pages, 20 plots. New section and appendix about stability and the pressure clarify comparison with GR. Conclusions rewritten to make motivations cleare

Debunking Arguments in Metaethics and Metaphysics

Evolutionary debunking arguments abound, but it is widely assumed that they do not arise for our perceptual beliefs about midsized objects, insofar as the adaptive value of our object beliefs cannot be explained without reference to the objects themselves. I argue that this is a mistake. Just as with moral beliefs, the adaptive value of our object beliefs can be explained without assuming that the beliefs are accurate. I then explore the prospects for other sorts of vindications of our object beliefs—which involve “bootstrapping” from our experiences as of midsized objects—and I defend bootstrapping maneuvers against a variety of objections. Finally, I argue for an explanatory constraint on legitimate bootstrapping and show how some attempts to respond to debunking arguments run afoul of the constraint

Suppositional Reasoning and Perceptual Justification

James Van Cleve raises some objections to my attempt to solve the bootstrapping problem for what I call “basic justification theories.” I argue that given 1 the inference rules endorsed by basic justification theorists, we are a priori (propositionally) justified in believing that perception is reliable. This blocks the bootstrapping result

Bootstrapping Null Polygon Wilson Loops

We derive the two loop expressions for polygonal Wilson loops by starting from the one loop expressions and applying an operator product expansion. We do this for polygonal Wilson loops in R^{1,1} and find a result in agreement with previous computations. We also discuss the spectrum of excitations around flux tube that connects two null Wilson lines.Comment: 29 pages, 10 figures, v2: references adde