Business Model Management Seed Capital Sweat Equity 
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
Especially since even Youtube is still struggling to try find a viable business model. One independent expert on the VC industry told me recently that there really is no “venture capital” today, only “continuation capital. So again, fewer new funds, means fewer opportunities far the next iteration of a business idea.
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