Businesses always begin with a great idea that is honed and molded over many days, weeks and months. Eventually, the idea is finally ready to blossom into a full-functioning business entity. There’s only one problem:
You have no money.
Approaching a bank for a loan is of course the first thing you might consider. However, it won’t take long to discover that most banks are not interested in a start-up company with only an idea and a dream, no matter how detailed or fleshed out that idea may be. Because of this, entrepreneurs turn to venture capitalists for investment.