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Part 4 Get Finance. Choose The Source of Finance. You have to arrange for finance at this stage. You can also take finance from venturecapitalist or angel investor. Angel investors are high-value individuals, and venturecapitalists are companies.
Inexperienced friends and family (and, increasingly, crowdsourced investors) lack the ability to gauge the viability of a business, or to mentor naïve entrepreneurs. This knowledge gap, I have come to believe, is best filled by savvy incubators. However, there are over 7,500 businessincubators around the world.
Coming out of Peru, you’ll find Kola Real, formed during a coup d’état in 1988, not exactly an ideal environment for businessincubation. Or, in Kamchatka, you’ll find ecotourism ventures by Wild Salmon River Expeditions , initiated by an alliance between a former American military officer and his Russian associates.
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