Top Ways Startups Can Make their Money Last

Blog excerpt provided by Great Lakes Innovation and Development Enterprise (GLIDE).

Written by John Rastetter.

If you’re running a startup I’ve got one important bit of advice: you will never have enough funding. You will (and should) always be looking for your next source of funds. Well, maybe never is a bit over the top, but never is a good benchmark during the first five years of any startup.

Making your money last is one of the most important concepts for any early-stage company. One of the biggest reasons startups fail is they run out of capital. Early-stage money is extremely limited. Let’s look at the primary sources for early-stage funds. There’s 1) self-funding by the entrepreneur, 2) friends and family financing, 3) grants and awards, 4) angel and venture capital and 5) crowdfunding.

Click here to read the complete blog.

Originally published May 18, 2016.

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