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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:

To learn more about potential funding sources, check out our Startup Funding Comparison Table – compares the key attributes of 31 common capital sources so you can make an informed decision about how to finance your business

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.

Avatar for Akira Hirai

Akira Hirai

Akira is the Founder & CEO of Cayenne Consulting. He has over 30 years of experience both as an entrepreneur and helping other entrepreneurs succeed. Akira earned his BA in Engineering Sciences from Harvard University. View details.

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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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