By Brad Feld (Managing Director, Foundry Group)
My friend Paul Kedrosky who spends some of his time as a Senior Fellow at the Kauffman Foundation, has a thoughtful short video (as part of the Kauffman Sketchbook series) on where entrepreneurs get their money. While it’s easy to get confused and think that VCs are the center of the financing universe, Paul reminds us that most entrepreneurial companies are funded by the entrepreneur’s savings, cash flow, credit cards, friends, and family.
It’s a creative 3-minute video with plenty of meat to it.
This post was originally posted at Feld Thoughts.
About the guest blogger: Brad Feld is Co-Founder and Managing Director of Foundry Group. He has been an early stage investor and entrepreneur for over twenty years. Previously, he co-founded Mobius Venture Capital and, prior to that, founded Intensity Ventures. Brad is also a co-founder of TechStars. Brad has been active with several non-profit organizations and currently is chairman of the National Center for Women & Information Technology. He blogs at Feld Thoughts and Ask The VC.