Ethan Lyon | Jan 05, 2010 | Comments 1
It takes courage, vision, and commitment to become a successful entrepreneur. It also helps to have access to money as you grow your business from an idea to a successful company. We share the basics on fundraising and provide a blueprint to help you target the right investors. Our comprehensive guide examines each step in the startup funding process to help grow your business successfully.
Read Sparxoo’s startup funding overview |
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Getting Started
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Startup funding is typically one of the most challenging obstacles for entrepreneurs. Before investing a significant amount of time and energy seeking funding, you should consider all of your options. Can you bootstrap your company by focusing on customer acquisition and cash flows? Can you self-fund your business and reach milestones independently? Is your business research and technology heavy, requiring substantial up-front investment? We help you evaluate whether or not your business is ready to pursue funding.
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Types of Startup Funding
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There are several types of funding. To begin, try to self-fund your venture. If your savings account will not sustain your business, you will need to pursue either debt or equity financing. Debt finance involves bank loans while equity finance is the exchange of capital for company ownership. We will help you determine which type of funding is right for your venture.
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Sources of Startup Funding
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If you decide to pursue equity financing, there are several rich resources to consider. A venture capital firm is a group of investors that invest large sums capital into high-growth companies while angels are individual investors that typically invest smaller sums of capital in earlier stage startups. We will explore the many facets of angel investors and venture capital firms to help you decide which is right for you.
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Tools for Reaching Investors
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Investors typically receive stacks of business plans and investor presentations. How do you stand out and get their attention? We share several strategies to help you get an audience with your target investor.
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Must Read Articles: Angel and Venture Capital Firm Directories
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Venture capital firms and angel investors differ in their investment strategies. While some venture capital firms only invest in tech companies, others will only invest in specific regions. Follow the links below to find the right angel investor or venture capital firm so you can get funding and grow your business.
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Filed Under: Startups & Innovation
Tags: Entrepreneurship • Finance • Investor • Leadership
This is a really great guide for those looking to start up a new business. Another funding source for small businesses to consider is a business cash advance. There are many business entrepreneurs having troubles securing a small business loan or an investor, and a business cash advance is a very efficient way to go. Thanks for sharing this guide. I’m definitely keeping this for future reference.