Many young entrepreneurs are programmed to think that getting an enormous payday from a VC is the only way to move their startup forward, and they choose to focus on the dollar signs instead of building a company that can last and thrive within its means.
Finding Balance Between Unconventional Tech Funding Routes
Posted by CateCosta under Raising CapitalFrom http://thenextweb.com 3563 days ago
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3556 days ago
3556 days ago
3563 days ago
I think crowdsourcing is probably the one of these most often talked about today. That's probably partly because it at least seems like the one most accessible to small startups without the wherewithal to go after venture funding. Equally inaccessible to a lot of starting entrepreneurs without any support or connections are things like corporate investment or venture debt. And, of course, government funds seem to only apply to certain kinds of startups. So, I wonder if you could suggest some additional sources for entrepreneurs just starting with nothing but an idea, no connections, and no track record to point to.
3561 days ago
3562 days ago
However, if an entrepreneur has nothing but an idea, no track record, and no connections s/he is really going to be looking at their personal savings and investments from family and friends to get the funds to build the business up enough to prove the concept to other types of investors.