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No, entrepreneurs, most of you don’t need angel investors or venture capitalists
During an event in Austin on Monday, the Kauffman Foundation outlined research dispelling some of the most common myths that distort America’s idea of the business-building process, tops among them the notion that most successful start-ups raise money from outside investors.
It’s understandable, perhaps even inevitable, to walk away from events like South by Southwest with the impression that entrepreneurs must persuade investors to write them a big fat check in order to succeed in today’s start-up world. In many cases, it’s as much about validation as it is the money and with some of the most renowned investors strolling the streets of Austin in search of hot new companies, you could be forgiven for assuming something must be wrong when a new company mentions it’s – gasp – self-funded.
Only, that simply isn’t true. Not by a long shot.
By J.D. Harrison
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