I came across this answer by Gypsy Rogers to the question “What is a Bootstrappers Breakfast?” from a public LiveJournal entry in March and really liked it.

It is a group of entrepreneurs who come together once a month to discuss ways to cut costs and push their businesses forward without trying to get venture capital but also without hurting your business by being too much of a cheap skate.

Source: http://hightekvagabond.livejournal.com/328127.html