Securing funding is a critical aspect of a startup's journey. Here are some common funding options:
- Bootstrapping: Using personal savings or reinvesting profits back into the business. - Angel Investors: Wealthy individuals who provide capital in exchange for equity or convertible debt. - Venture Capital: Venture capital firms invest in startups with high growth potential in exchange for equity. - Crowdfunding: Raising small amounts of money from a large number of people, typically via online platforms. - Grants and Competitions: Participating in startup competitions or applying for grants can provide non-dilutive funding.