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Young Startup CEO Man

We talk a lot about venture capital around here, but the truth is that most companies will never take VC money. Data from the Small Business Administration suggests that 99 percent of new businesses started each year will not get venture capital at startup.

Thanks to lower costs associated with starting a web-based company, many health IT companies have gotten off the ground – and some even to profitability - without taking any outside investment money.

Image: Flickr

To read the full, original article click on this link: Focus, credit lines and a good accountant: 8 entrepreneurs’ tips on boostrapping a startup | MedCity News