Over 90% of successful tech companies are financed in pretty much the same way: * Startup funding from Friends and Family investors, then * Angel Investors and Angel Funds, followed by either * Venture Capital, or * Public Venture Capital

YouTube landed millions in venture-capital money in its first year to expand so fast that its founders were able to sell the video-sharing company to Google last week for $1.7 billion. For most entrepreneurs, however, venture capital isn’t an option. VCs, investing for institutions and rich individuals, likely will invest in fewer than 3,400 of ...