anilkc
September 13th, 2004, 08:01 PM
While venture capitalists retreated to lick their wounds after the Tech Wreck, informal investors filled the void. The result: a boom in startups, according to a new survey
U.S. entrepreneurs are the engines that drive new companies -- and financing is the fuel that propels them.
One of the most striking findings of the report is the source of that fuel. Informal investors put up more money for startups and growing businesses than professional venture-capital firms. Indeed, informal investors are the lifeblood of U.S. entrepreneurship.
The informal investors -- 4Fs -- founders, family, friends, and foolhardy strangers.
U.S. entrepreneurs are the engines that drive new companies -- and financing is the fuel that propels them.
One of the most striking findings of the report is the source of that fuel. Informal investors put up more money for startups and growing businesses than professional venture-capital firms. Indeed, informal investors are the lifeblood of U.S. entrepreneurship.
The informal investors -- 4Fs -- founders, family, friends, and foolhardy strangers.