According to a report distributed by the Angel Capital Education Foundation, total startup funding from venture capital funds, state funds, and angel investors totals approximately $20.8 billion annually.
Surprisingly, friends and family contributed nearly three times the amount of capital to thousands of startups each year.
With approximately $60 billion in startup funding coming from friends and family, entrepreneurs must consider this as an option as they seek to launch new businesses.
To read the full, original article click on this link: Friends And Families Give 3X More Funding Than VCs
Author: Adam Hoeksema
