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Where Can Startups Get Funding?

Would it surprise you to learn that the Number One source of funding for startups is the founder’s personal savings? Second on the list is credit cards; third is family and friends. Bank loans and outside investment don’t come until much later, if at all.

Watch this short video from the Kauffman Foundation for a more detailed look:

By the way, just because you aren’t pursuing funding from outside sources doesn’t mean you don’t need a business plan. It’s extremely important to have a roadmap as you build your company. If you need help, give us a shout.

This Post Has One Comment
  1. Funding for start ups would have to come from personal money first. If anyone is going to invest in the start up business, then the presentation and the business plans should be convincing enough for even relatives to put their money in. Once funding for a start up is stable and growing more, maybe procurement could be considered to haul in more investors.

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