Editor’s note: The post below, from Nibletz.com, is a great primer for all entrepreneurs on how startup funding works.
Everyone wants to know the secrets behind getting your startup funded. We receive hundreds of emails every week asking questions about funding. People really want to know how to get funded and what a startup needs to do to get funded. Access to capital and access to talent are still the most prevalent issues facing startups “everywhere else”.
The good folks over at funderandfounders.com have compiled a great infographic that takes a look at a hypothetical startup and the way they get funded.
The infographic chronicles the most common funding steps for startups that actually make it. We’re all too familiar with the statistics on startups failing. Taking a startup through idea stage, cofounder stage, family and friends, angel round, seed round, Series A, and then eventually (hopefully) IPO.