February 28, 2016

Week 8 Reading Reflection

I was surprised that banks were less likely to give a startup loans. As with most other things for a normal person, if you need to get a loan, you normally get it from a bank.

The author mentioned that most entrepreneurs don't get venture capital investors. It seems that the common story told is that successful start ups always get money from venture capitalist.

What is the best way to get in touch with venture capital or angel investors? Is there some sort of organization to approach or website to contact? Also how often do investor really understand the technical aspect of a product? Would it be beneficial to go in depth in explaining it to them, or just give a brief introduction to it.

Not necessarily something I disagreed with, but I thought the author should of talked more about getting funding from friends and family. It can be dangerous, but it is often the only source entrepreneurs can take advantage of.

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