Philanthropists support entrepreneurs in various ways:
1. Funding: Many philanthropists provide seed capital or venture capital to startups. This initial funding is often critical for startups to develop their products or services and bring them to market. 2. Mentorship: Experienced philanthropists often offer invaluable mentorship to new entrepreneurs, providing guidance based on their own successes and failures. 3. Networking: By connecting entrepreneurs with other successful individuals and organizations, philanthropists can help startups find additional resources, partners, and clients.