Startup funding refers to the financial resources provided to new businesses or startups to help them develop, operate, and grow. This funding can come from various sources, including personal savings, family and friends, angel investors, venture capitalists, crowdfunding, and bank loans.
The purpose of startup funding is to cover initial costs such as product development, marketing, hiring employees, and other operational expenses during the early stages when revenues may be low or nonexistent. Funding can be structured in various ways, including equity financing, where investors receive a stake in the company, or debt financing, where the startup borrows money with the promise to repay it with interest.
Ultimately, startup funding is crucial for entrepreneurs looking to turn innovative ideas into viable businesses, providing the necessary capital to launch and scale their operations in a competitive market.
### Pittsburgh’s Fintech Landscape Transforms A groundbreaking infusion of $6 million in funding promises to revolutionize how small businesses manage health benefits. **StretchDollar**, an innovative fintech startup, has successfully secured…