| Bootstrap | Friends & Family | Angels | Incubators | Venture Capital (VC) Firms |
Private Equity (PE) Firms |
Venture Consortium (Vco) Firm |
Investment Banks (IB)/Underwriters |
Public Listings | |
| Example Industry Players |
Company Founders/ Promoters |
Well Wishers and financial supporters of Founders , Promoters |
Angel Investment Network, Business Angels Europe, Mumbaii Angels, Indian Angels Network |
Y Combinator, Techstars, 500 Startups, Venture Catalysts, Startupbootcamp, Ignite, Melbourne Accelerator, Startup Reykjavik, Metavallon, Axel Springer, Buildit, StartupYard, Chinaaccelerator, Highline Beta, IIT-B SHINE, 10000 Startups |
Accel, Seqouia, A16Z, Tiger, Softbank, NEA, DST, IDG, Lightspeed, Bessemer, Shanghai DOBE, Nanjing Zjin, Nexus, Tencent, Temasek |
Blackstone, KKR, Carlyle, Warburg Pincurs, Bain, TPG, CVC, Newberger, EQT, Advent Vista |
ALLTEAM CAPITAL | Goldman, JPM, UBS, Credit Suisse, Morgan Stanley, BoA, Citi, Edelweiss, Axis, Avendus,ICICI, IDBI, Kotak |
NA |
| Source of Funds | Personal Savings/Loans of promoters, Founders |
Borrow funds from F&F (Interest free, interest paid, convertible debt) |
HNI, Family Offices, Prominent Professionals, Entrpreneurs |
Smaller Investors also providing operational support |
HNI, Family Offices, Endowment/Pension/Soveriegn Wealth Funds, Corporate Venture Capital (CVC) |
Institutional Funds, Management, Accredited Investors |
Members join hands to directly access public fundings |
Institutional Investors, Fund of Funds |
Retail Public, Institutional Investors |
| Giving Up Equity | No | Somtimes | Yes | Yes | Yes | Yes | At Public Listing | Yes | Yes |
| Founder's Operational Control |
High | High | Medium | Medium | Low | Very Low | High | Low | Low |
| External Board Seat(s), Voting Rights |
NA | NA | Sometimes | Sometimes | Yes | Yes | No | Yes | Yes |
| 1 | Bootstrap | Friends & Family | Angels | Incubators | Venture Capital (VC) Firms | Private Equity (PE) Firms |
Venture Consortium (Vco) Firm |
Investment Banks (IB)/Underwriters |
Public Listings |
| Information Rights (Periodic Financials, Resolutions/Minute Book, Board Meeting Observor Seat) |
NA | Sometimes | Yes | Yes | Yes | Yes | Yes | Yes | Yes |
| Managerial Oversight, External Operatinal involvement , Controlling Strategic Direction\Budgets |
NA | Low | Low | Medium | High | Very High | Controlled by respective Founder(S) | Yes | Yes |
| Integration\Collaboration with other Portfolio Companies |
NA | NA | No | No | No | No | Yes | No | NA |
| Alignment, Shared Outcomes for Portfolio Companies |
NA | NA | No | No | No | No | Yes | No | NA |
| Introduction, Access to Industry Network, Mentors,Expert \Experienced Advisors |
NA | Low | Medium | Medium | High | High | High | High | High |
| Company Stage | Early, Idea/Concept Refining |
Early, Idea/Concept Refining |
Startup Establishing Proof of concept, Growth Potential |
Startup Establishing Proof of concept, Growth Potential |
Past Proof of Concept, Has active Customers & Revenues/Impact Growth Trajectory |
Late Stage, Growth Trajectory | Active Customers, Revenues, Profitable, Growth Trajectory |
Late Stage, Growth Trajectory | Mature |