Alternatives to Venture Capital Funding
In This Chapter
Choosing from a variety of funding options
Identifying advantages and disadvantages of each option
Knowing the difference between accredited and non-accredited investors
Opting to grow your business without outside funding
Venture capital is not right for every business. If you determined that it’s not right for your business (refer to Chapter 3 for help in making that decision), you have plenty of other funding options you can use to grow your business.
In deciding which of the other possibilities is right for you, you want to identify the main reasons you’re considering venture capital in the first place because that reason can inform your decision. If you simply need capital to grow your business, consider taking a loan, raising money through people you know, talking to angel investors, crowdfunding, franchising, or writing a grant proposal. If you are looking to add experienced people to your team but can’t afford to pay employees, look at finding a cofounder or using venture labor (hiring someone that you pay ...