Funding is critical for the survival and growth of technology startups. Here are some common funding sources:
1. Bootstrapping: Using personal savings or revenue from initial sales to fund the business. 2. Angel Investors: Wealthy individuals who provide capital in exchange for equity or convertible debt. 3. Venture Capital: Firms that invest significant amounts of capital in exchange for equity, often with a focus on high-growth potential. 4. Crowdfunding: Raising small amounts of money from a large number of people, typically via online platforms. 5. Grants and Competitions: Non-dilutive funding sources such as government grants or startup competitions that offer prize money.