Raising capital is never an easy task and often requires a lot of determination and patience. There are a number of ways that an entrepreneur can raise capital for their small business, however, before using any capital collection methods, always remember to have a business plan to show to your investors.
Many start-ups don’t make it past their first year of business. That’s why many financial institutions shy away from lending to them. In this short video, you will learn about other sources of capital (personal investment, love money, grants, etc.) that can help you start and grow your new business.
In this video, Steve Blank covers the basics of where you can find financial resources. You will learn about the differerent ways you can get your startup off the ground depending on your needs. This can range from family and friends to venture capital and corporate sponsors.
This section will teach you some basic skills, that will help you make better decisions around the kind of funding you chase and when you chase it, and will also help you do it more effectively.
Money is like gasoline during a road trip. You don’t want to run out of gas on your trip, but you’re not doing a tour of gas stations.” – Tim O’Reilly, O’Reilly Media founder and CEO