Wednesday, April 4, 2012


Last week, I gave a session on growth companies to a group of Irish companies.

In the session on finance, this new sketchbook from Paul Kedrosky, Senior Fellow at the Kauffman Foundation, was a perfect summary on the different sources of finance for entrepreneurs.

Yes, venture capitalists are not at the heart of entrepreneurial finance and most companies are actually funded by the entrepreneur’s savings, cash flow, friends, family and, yes, even credit cards!