As a startup founder, you have at least seven sources of non-dilutive funding to consider:
- Bootstrapping – funding from your own pocket
- Friends and family – cash from those who know and love you
- Grants – from government or nonprofit foundations
- Debt financing – which comes in a dizzying array of options
- Crowdfunding – depends on the appeal of your story
- Competing for funds – in pitch or accelerator competitions
- Cash for fee arrangements – often a precursor to an equity raise
Considering and ranking these options during your initial planning to strengthen your overall funding strategy and enhance your freedom to operate your business!
Read Part I of my non-dilutive funding series here.
Read Part II of the non-dilutive funding series here.