Fundraising from Friends, Family and Fools | Alternative Funding Methods Your Startup
Nov 19, 2020 ·
13m 51s
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Description
WARNING THIS IS NOT FINANCIAL ADVICE, this is done purely for educational and entertainment purposes. Funding Methods : 1. Bootstrapping your Business off your saving or employment, some individuals mortgage...
show more
WARNING THIS IS NOT FINANCIAL ADVICE, this is done purely for educational and entertainment purposes.
Funding Methods :
1. Bootstrapping your Business off your saving or employment, some individuals mortgage their house or take money out of the 401Ks - Not Advised.
2. Fundraising from Friends, Family and Fools, basically taking money from anyone that will invest in your idea, usually these business go on to raise venture fund later.
3. Grants and Startup Competitions
4. Start a Side Project : Freelance, Get Another Job (Part Time, Weekends or Other) You might end to busy to work on your business though.
4. SBA Loans
5. Crowdfunding : Indiegogo, Kickstarter
6. Crowdsourced Equity and Debt : Startup Engine
5. Bank or Individuals Loans (Avoid Payday Loans)
6. Credit Card Churning - Must have extreme self control or don't even think about it.
7. Flip Stuff - Either by declutting your life and house or buying stuff at goodwill and the thrift stores and reselling it.
I'm sure there are many other ways to fund your business, but this very basic guide to some of the ways that have helpful to others in the past.
Everything has RISK and this not different, these funding methods should only be USED BY INDIVIDUALS WITH EXTREME SELF CONTROL OR YOU WILL DESTROY MORE THAN YOU CREATE.
show less
Funding Methods :
1. Bootstrapping your Business off your saving or employment, some individuals mortgage their house or take money out of the 401Ks - Not Advised.
2. Fundraising from Friends, Family and Fools, basically taking money from anyone that will invest in your idea, usually these business go on to raise venture fund later.
3. Grants and Startup Competitions
4. Start a Side Project : Freelance, Get Another Job (Part Time, Weekends or Other) You might end to busy to work on your business though.
4. SBA Loans
5. Crowdfunding : Indiegogo, Kickstarter
6. Crowdsourced Equity and Debt : Startup Engine
5. Bank or Individuals Loans (Avoid Payday Loans)
6. Credit Card Churning - Must have extreme self control or don't even think about it.
7. Flip Stuff - Either by declutting your life and house or buying stuff at goodwill and the thrift stores and reselling it.
I'm sure there are many other ways to fund your business, but this very basic guide to some of the ways that have helpful to others in the past.
Everything has RISK and this not different, these funding methods should only be USED BY INDIVIDUALS WITH EXTREME SELF CONTROL OR YOU WILL DESTROY MORE THAN YOU CREATE.
Information
| Author | Unscripted Startup |
| Organization | Unscripted Startup |
| Website | - |
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