Various sources of funding are available, each with its own set of advantages and disadvantages:
Bootstrapping: Using personal savings or revenue generated by the business. This method allows full control but can be risky if funds are limited. Angel Investors: Wealthy individuals who provide capital in exchange for ownership equity or convertible debt. They often bring valuable expertise and networking opportunities. Venture Capital: Institutional investors that fund startups with high growth potential. While they offer significant capital, they also demand substantial equity and control. Crowdfunding: Raising small amounts of money from a large number of people, typically through platforms like Kickstarter or Indiegogo. This method can serve as both funding and marketing. Grants and Competitions: Non-dilutive funding sources such as government grants or business plan competitions. These funds do not require equity but are highly competitive.