Q I’m building my business. Should I search for venture funding, find an angel investor, or just bootstrap it? —PETER R.
PETER, if I had a dollar for every time I was asked that question, I could probably fund your company—and several others. Raising capital is something almost every entrepreneur considers at one point. After all, your business needs money to get off the ground, grow, and, in some cases, survive.
Thanks to social media, crowdfunding, and the relative affordability of technology, the barrier to entry for startups has never been lower. But that just means there’s more competition for investment capital. According to crowdfunding platform Fundable, angel investors or venture capitalists fund less than 1 percent of startups. Compare that with the 57 percent that receive loans or credit,…
