Startup entrepreneurs need to be aware of The Funding Gap between angel investors and venture capitalists. It is quite well-known that startup entrepreneurs first use their own capital and then seek funds from friends and family in the process of productizing their innovation. Only when customers have been identified who have at least beta tested […]
Posts Tagged 'friends and family'
The following article appeared in the March 2010 issue of the Flathead Business Journal, but is no longer available online. For several months, we have been discussing sources of startup capital for businesses. Entrepreneurs first use their own cash and resources as they germinate the idea of the business. As the venture idea germinates and […]
The following article appeared in the December 2009 issue of the Flathead Business Journal, but is no longer available online. Using cash from friends and family to start businesses is a quite common practice. It is estimated that roughly half of startup entrepreneurs get financial support from friends and family members in starting their companies. […]
I chuckle when I read Silicon Valley pundits attempt to generalize on the characteristics of US entrepreneurs and their source of capital based of information gleaned from surveys of Silicon Valley folks. Such is the case with the Dorsey and Whitney (D&W) survey, “What Really Matters to Startup Entrepreneurs” released last month. Let’s just look […]