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Friends, family are key sources for startup capital
Using cash from friends and family to start businesses is a quite common practice. It is estimated that roughly half of startup entrepreneurs get financial support from friends and family members in starting their companies.
According to the Global Entrepreneurship Monitor (Babson & London School of Business), $50 billion to $75 billion is invested annually by friends and family in United States startup entrepreneurs. This is two to three times the amount of money invested annually by either angel investors or venture capitalists — each of which invests approximately $20 billion per year in new businesses.
By BILL PAYNE
Full Story: http://www.dailyinterlake.com/flathead_business_journal/article_e7aada24-ee81-11de-aa78-001cc4c002e0.html
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