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Finance 101 for Startups-- Hunt for ''angel'' investors, including relatives, before quitting your job. You'll need seed money to get the business going. -- Run the company on a bare-bones basis during the startup, paying employees, investors, even suppliers, with equity. -- Continue to raise money as you scout out venture-capital firms that have invested in companies like yours--and succeeded. -- Don't be beguiled by the first venture capitalist to show interest. Keep shopping until somebody actually coughs up money.
DATA: BUSINESS WEEK
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Updated Oct. 2, 1997 by bwwebmaster
Copyright 1997, by The McGraw-Hill Companies Inc. All rights reserved.
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