In order that a sound idea generate revenue, it needs to be backed by sufficient capital to help it survive and grow. Many startups fail in the first year itself and the common reason turns out to be lack of sufficient funds.
There are many ways in which funding for starups can be raised;
- Crowd Funding
- Angel Investors
- Venture Capitalists
- Incubators and Accelerators
- Institutional Finance
In order to raise funds for startups, the idea must be sound and sustainable, there should be a good business plan, investor preparedness, commitment from promoters and more.