America is known as the land of entrepreneurship, home to entrepreneurs like Jeff Bezos, Steve Case, Larry Page, Mark Zuckerberg and the late Steve Jobs.
Today’s tech-entrepreneurs are finding exciting opportunities in media analytics and enhancements, enterprise web/mobile solutions, Internet publishing, survey software and auctions, game development and security.
Though angel investors write 16x more checks than venture capitalists, VC’s write the biggest checks to seed stage companies. Even so, 38% of startups are funded by family and friends, second only to personal savings and credit.
Crowdfunding is the fastest growing source of startup funding; it combines entrepreneurship and philanthropy, opens up new markets and motivates investors.
Forbes contributor and CEO of Crowdfunder, Drew Hendricks, says:
Sites like Kickstarter and Indiegogo provide the perfect platform for businesses to locate funds for a new startup. Crowdfunding has exploded in popularity in the past year, getting attention from both investors and businesses alike. But all of this popularity also means an increase in competition, which means unless your business can catch the attention of the matches, it will likely join the large number of projects that go unfunded on these sites each month.
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Startup Funding – An infographic by the team at Fundable