Are Friends The Best Source of Capital? – Entrepreneur Poll Update

Over the past two weeks we’ve been asking you what the best ways are for young entrepreneurs to raise money.

The goal here is to create a list of suggestions for new and existing entrepreneurs to refer to so they can effectively fund their business ideas.

We’ve created a Forum Topic to allow you to express your opinions.

We’ve had some great posts created and a lively discussion is going on.

So far the top responses are:

#1) Friends

#2) Your Own Savings

#3) Family

#4) Angel Investors

#5) Venture Capitalists

#6) Licensing Your Idea

#7) Reverse Mergers

#8) Private Placements

#9) Banks

Are friends really the #1 way to raise money for a young entrepreneur? How have you raised money for your business or how do you plan on doing so? Weigh in on the discussion by having your say on our forum post. Please share your advice so other young entrepreneurs can learn from your thoughts and experiences.

Matthew Toren

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Matthew Toren is an award winning author, serial entrepreneur and investor. He co-founded YoungEntrepreneur.com along with his brother Adam. Matthew is co-author of the newly released book:Small Business, Big Vision: 'Lessons on How to Dominate Your Market from Self-Made Entrepreneurs Who Did it Right‚ and also co-author of Kidpreneurs.