Funding your Startup
In the world of startups, funding is crucial for success. Explore various options like bootstrapping, debt, and equity, along with funding opportunities such as venture capital, crowdfunding, and grants. Learn how to leverage personal savings, angel investors, and more to kickstart your entrepreneurial journey.
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Presentation Transcript
Funding your Startup Apostle Incubator February 16, 2021
Some Facts! 1. 77% of small businesses rely on personal savings for startup money 2. One third of small businesses start with less than $5000 3. The average small business requires about $10K for startup capital 4. Only 0.05% of startups raise venture capital 5. The average seed round is $40m 6. The median company running a seed funding round is 3 years old 7. Of startups that raise seed rounds, 1% reach unicorn status, $1b + valuation 8. Startups with two co-founders rather than one raise 30% more capital
What are the options? Bootstrapping Debt you can borrow the money Equity you can share ownership
Bootstrapping Personal savings Cash from first sales Lease equipment Work out of your house Etc.
Funding Opportunities - Debt Founders borrowing (credit cards, 2ndmortgage, etc.) Family & Friends KIVA Opportunity Fund PACE SBA Long Beach Economic Development Commercial Banks
Funding Categories - Equity Founders Savings Friends & Family Angel Investors Venture Capitalist Seed Round Series A, B, etc.
Other Sources Crowdfunding (Rewards based) Kickstarter Indiegogo RocketHub Crowdfunding (Equity based) Funders Club Startengine.com Crowdfunder.com SBIR/STTR
Venture Capital (VC) PACE LA Equity Finance Angel Investment CDC Small Business Finance CDC Opportunity Fund CDFI LA LISC Debt Finance KIVA City of Long Beach Debt Crowdfunding Microenterprise Equity Personal Crowdfunding Small Business Finance/Bootstrapping Crowdfunding GROW Long Beach Rewards-based Crowdfunding Donor Crowdfunding Small Business Innovation Research (SBIR) Donor Crowdlending Crowdlending Small Business Technology Transfer (STTR) Federal Government SBA Grants Grants/Loans Grants.gov
Donor Crowdlending Crowdlending Debt Crowdfunding Personal Equity Crowdfunding Small Business Crowdfunding Finance/Bootstrapping Rewards-based Crowdfunding Donor Crowdfunding
Venture Capital (VC) Personal Equity Finance Small Business Finance/Bootstrapping Angel Investment
PACE LA CDC Small Business Finance CDC KIVA Personal Microenterprise City of Long Beach Small Business Debt Finance Finance/Bootstrapping GROW Long Beach Opportunity Fund CDFI LA LISC
Small Business Innovation Research (SBIR) Small Business Technology Transfer (STTR) Federal Government Personal Grants Small Business Finance/Bootstrapping SBA Grants Grants.gov
Closing Comments Bootstrapping is the first step Delay outside funding, if practical Take advantage of success by funding to grow Structure all funding Consider control/decision making Formalize all funding on paper: S.A.F.E., Stock agreement, etc.
