Despite all the media focus on Venture capitalists and super angels, the vast majority of seed and startup capital still comes from what we affectionately call the 3Fs. These are family, friends, and fools (aka dentists).
VCs only provide 0.05% of all startup funding while angels provide 0.91%.
The rest has to come from the 3Fs, personal assets, and creating financing.
Click to embiggen,
Startup funding sources.
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