The first source of startup money an entrepreneur often taps is:
A) a list of angel investors provided by business associates
B) his or her network of friends and family members
C) his or her own personal savings
D) a venture capitalist firm

Question

Quizplus · Accepted Answer

Entrepreneurs often use their own personal savings as the first source of startup funding because it is readily accessible and does not require external approval or repayment terms.

The First Source of Startup Money an Entrepreneur Often Taps