The most popular follow-up source of capital for new ventures is private investors, typically people you know or have met through business acquaintances.

Question

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Private investors, often referred to as "angel investors," are indeed a popular source of follow-up capital for new ventures, as they are more accessible and flexible compared to institutional funding sources like venture capital firms. These investors are typically individuals the entrepreneur knows personally or through business networks.

The Most Popular Follow-Up Source of Capital for New Ventures