Rather than relying primarily on a single source of funds as they have in the past, entrepreneurs today must piece together their capital from multiple sources, a method known as layered financing.

Question

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This statement is true. Entrepreneurs today often rely on a combination of sources for their capital, such as personal savings, loans, crowdfunding, angel investors, and venture capitalists. This approach is known as layered financing.

Rather Than Relying Primarily on a Single Source of Funds