1. Charter Partners Institute eVenture Financing the Business Note: This is only a guideline. Presentations should be adapted to bring out the important financial variables. ©2011 Charter Partners Institute

2. Financing the Business Creative bootstrapping Bank loans Family, friends, and fools Professional investors ©2011 Charter Partners Institute

3. Financing the Business Creative Bootstrapping Home office, garage, used furniture, etc. Lease furniture, equipment, etc. Consulting work Vendor financing Incubator & other public support Borrow from retirement savings ©2011 Charter Partners Institute

4. Financing the Business Bank Loans Traditional bank not likely to loan to a startup unless you provide a personal guarantee SBA-guaranteed loans Outside guarantor Finance Company: Factoring accounts receivable ©2011 Charter Partners Institute

5. Financing the Business Family, Friends, and Fools Risk of damaged relationship, but may be best available option Formal agreement can help to establish expectations ©2011 Charter Partners Institute

6. Financing the Business Professional Investors Angels: $50,000 - $1,000,000 Venture Funds: $1,000,000 + Stick with accredited investors Will want an exit in 5 or so years Legal costs $10,000 + ©2011 Charter Partners Institute