Bootstrapping Business Model Revenue Seed Capital 
Growthink Blog
MAY 23, 2011
An entrepreneur starts a company in classic " bootstrap " fashion - with a combination of sweat equity and their own financial resources. The angel then introduces the entrepreneur to his or her wealthy friends and business connections who, based on the good reputation of the referring angel, also invest.
techcrunch.com
FEBRUARY 19, 2010
That means the vast majority of privately held companies are still very dependent on venture money to stay in business. Respondents deemed between 12%-16% of companies generating revenues to be essentially “worthless” and deemed 20%-26% of their pre-revenue investments to be “worthless.” Add to this that 72.7% just my 2 cents.
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