Tag: social capital

Self-Funding Your Startup

Pop culture leads us to believe that everyone is getting funded with million dollar competitive term sheets with catchy buzz phrases like “Uber for cats” or “Airbnb for Ice Skates.” The stark reality is that very few startups get funded. To qualify this reality, many will cite a Fundable report that claims less than 0.05% receive at least one round of VC and 0.91% receive angel funding. Digging deeper the numbers are likely even harsher since the definition of “angel” funding could be an affluent uncle.

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