Excerpt from: Frequently Asked Questions (FAQ)
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| Where to find finance for Startups | How do I find funding for a new venture without a track record personally or for the business? Most startups will raise their first $10K on credit cards and their first $50K from friends and family. The SPARK Business Accelerator can help with funding for commercialization. Using these initial resources to achieve key "proof points" will enable the entrepreneur to raise money from Angel investors or achieve product sales. Choosing milestones that are reachable with limited financing and recognized by investors as validating a critical assumption in the business and meeting those milestones is very important to build credibility with investors. Finally a person on the management team who has successful built a similar business and raised capital for it gives investor confidence to make the investment in your company | |
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