"But when you do need money to start a business, where should you look? Venture capital, private investors, or a bank?
Maybe none of the above. Here's why.
Research shows that over 90 percent of new ventures start with whatever money entrepreneurs can scrounge from personal resources. The other 10 percent relied on external sources with family members (parents and spouse) as the most common (5.0 percent). Private investors fund less than 3 percent of startups. Venture capitalists are involved in less than 1 percent."
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