Investors are the backbone of any successful startup. For example, Mark Zuckerberg accepted $500,000 from Peter Thiel in 2004. In the same year, he rejected $10 million from Friendster.
As a small business operator you value your independence. Yet, there may be times when you wish that other people would back your business, whether they be known as angel investors or someone you know, like friends and family.
Your business has taken its lumps and it isn’t where it should be. If things do not change its very future may be in jeopardy.
Not all small business models are conducive to seeking investors. Typically, technology and medical innovators have the best opportunity for securing funding.