A traditional fund raising roadmap for startups

Raising funds is the most critical task for any entrepreneur starting a new business venture. Many startups fail due to insufficient money to support future activities. Prior to the capitalism age, funding for a major adventure relied on support from royal or rich families. This approach could only support a small number of projects. It was hard for adventurers to find a willing sponsor. For example, Columbus sought many European royal families to support his adventure and was turned down. Eventually, Spain's King Ferdinand and Queen Isabella agreed to finance his journey. Then, capitalism came, and along with it came the concept of incorporation. This opened a door to a new way of raising capitals from investors to finance new business ventures. A famous example is the East India Company, which was created by British merchant...