How to fund your high-tech start-up

ITworld.com |  Business

Silicon Valley, Silicon Alley, Silicon Beach, and every other high-tech locale in
the country is full of start-ups, founded primarily by people who have left lucrative
positions at larger companies for the thrill of becoming an entrepreneur and the
potential for million-dollar post-IPO rewards.

But there's more to being an entrepreneur than getting a great idea, quitting your
day job, and setting up shop in your garage. You need money, and lots of it.

The four phases of funding

Funding your start-up doesn't start at the venture capital (VC) stage. In fact,
there are as many as three previous steps through which your project will have to go
through before a VC will even look at it.

The full funding cycle looks something like this:

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