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How do you getting funding?

Funding plays a big role in business. When you have an idea but it requires a lot of money then one needs a good amount of money to make the idea work. In class we went through the step to get funding. So its good to go over it because I now have an idea how I want to get funding.  Basically self funding will be a good start and as we learned in class most entrepreneurs take that step because they are just starting. So after a little bit of self funding then the next step is borrowing money from family/friends. This step can be easy to do or hard because it depends on your family/friends if they want to invest money to make you successful. So in process of funding family/friends can help. So for sure i'm going to take this step and ask for money because the product I am trying to create has sensors involved  and will cost money. Then comes the next step of Angel investing. After lecture we learned that Angel's are private Accredited investors who seek to make investments in young and new companies. Basically we also learned that Angels are mostly retired business people who have wealth. Also Angels can invest anywhere from $10,000 to $150,000. That is a lot of money but you have to be more responsible with the money that you get. After you get the money then you have to focus how to use the money and what to use it for.  After this kind of investment next step will be VC. So these are the steps for funding and making your company successful!

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