Department of Economics, University of California, Santa Cruz, USA
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Beyond Banks: Exploring Innovative Strategies for Startup Funding
Author(s): Ray Boldyga*
Traditional bank loans have long been a primary source of funding for startups, but in today’s dynamic entrepreneurial landscape, alternative
strategies are gaining prominence. This paper explores innovative funding methods beyond traditional banking institutions that cater specifically
to startup ventures. Firstly, the rise of Venture Capital (VC) and angel investing is examined, highlighting their pivotal role in providing not
just capital but also strategic guidance and industry connections. Secondly, crowdfunding platforms have democratized access to funding by
enabling entrepreneurs to pitch their ideas directly to a global audience, bypassing traditional gatekeepers. Moreover, strategic partnerships with
corporations and incubators are explored as avenues for startups to secure funding, mentorship, and market access in exchange for innovative
soluti.. Read More»
DOI:
10.37421/2169-026X.2024.13.469
Entrepreneurship & Organization Management received 1115 citations as per Google Scholar report