OlBlueEyes said: "Small businesses are financed through savings and bank loans of the owners and families.They are almost never funded throughsolicitation of strangers to invest.
It is far too expensive and time consuming to make a public offering under SEC rules."
That's the same reason Broadway shows aren't capitalized through a public offering (and why they can't solicit strangers.) Many start ups are financed in a similar fashion - tech startups that aren't flashy enough to attract the big VC firms often turn to angel investors. Someone opening a restaurant often turns to family and friends.
joined:5/29/13
joined:
5/29/13
Posted: 9/9/19 at 2:11pm