Based in Sunnyvale, California, Bhawna Patkar is the founder and CEO of three companies. As an entrepreneur, Bhawna Patkar has experience securing the financing necessary to build a business. There are many ways for a startup company to acquire funding.
One of the more common approaches to getting financing is trading equity in the company for cash. The owner will have to give up part of their stake in the company, but they will gain access to capital without having to make loan payments every month. This consequence allows more of the revenue to be put back into the growth of the business.
Finding strategic partners can be another effective way to finance a startup. An established business might recognize the potential of a partnership and offer some form of financing arrangement. Or an important customer might be able to finance growth if they are willing to make advance payments.
An entrepreneur can also turn to private venture capital firms. These firms typically invest in companies with proven, scalable business models.
There are several other approaches to funding a startup. Small business loans may be an option, but they can be hard to get since banks are generally wary of the risk involved. Other routes include startup incubators or accelerators like Y Combinator, grants from the Small Business Administration, and crowdfunding campaigns. Rather than zeroing in on any one idea, it is generally best to try multiple strategies.
One of the more common approaches to getting financing is trading equity in the company for cash. The owner will have to give up part of their stake in the company, but they will gain access to capital without having to make loan payments every month. This consequence allows more of the revenue to be put back into the growth of the business.
Finding strategic partners can be another effective way to finance a startup. An established business might recognize the potential of a partnership and offer some form of financing arrangement. Or an important customer might be able to finance growth if they are willing to make advance payments.
An entrepreneur can also turn to private venture capital firms. These firms typically invest in companies with proven, scalable business models.
There are several other approaches to funding a startup. Small business loans may be an option, but they can be hard to get since banks are generally wary of the risk involved. Other routes include startup incubators or accelerators like Y Combinator, grants from the Small Business Administration, and crowdfunding campaigns. Rather than zeroing in on any one idea, it is generally best to try multiple strategies.
