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Article Excerpt
LOOKING FOR SOMEONE TO FINANCIALLY back your startup?
Unless you're holding a miracle drug or magic software that speculators will wager millions on, forget venture capital and wealthy angels, says Professor William Bygrave, head of Free Enterprise Studies at Babson College in Wellesley, Mass. Your best bet lies closer to home, possibly under your own roof, and certainly with what Bygrave calls the Four Fs: founders, family, friends and foolhardy strangers.
According to Bygrave, the Four Fs put up more money for startups and growing businesses than professional venture-capital firms, yet he says these "informal investors" are all but invisible when it comes to public...
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