On the East coast, I've heard of many small businesses that self-funded (savings and/or spouse) to get started, and never took any funding. Never heard of even one incident of a small business that was invested in. Obviously it's a different world in Silicon Valley, but if we look at the nation or globe, what is more common?
Sorry if I was unclear. When I said "the common model" I was referring to the context of the previous sentence (and also this article and this site), tech startups. I agree that most normal businesses are self-funded.
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Is it more common? Citation requested.
On the East coast, I've heard of many small businesses that self-funded (savings and/or spouse) to get started, and never took any funding. Never heard of even one incident of a small business that was invested in. Obviously it's a different world in Silicon Valley, but if we look at the nation or globe, what is more common?
Sorry if I was unclear. When I said "the common model" I was referring to the context of the previous sentence (and also this article and this site), tech startups. I agree that most normal businesses are self-funded.