This below is a great brief interview from the Wall street Journal with Bo Fishback, VP of Entrepreneurship from The Kauffman Foundation (Foundation with an asset base of $2 billion) on the fundamentals of raising capital.

Most interesting is to notice that before considering Angel Investors or Venture Capitalists, one might consider Small Business Innovation Research Grants from the NSF (National Science Foundation), or SBA Loans (US Small Business Administration).

Also worth noting are some of the thoughts he mentions to consider before “giving a piece” of your business to someone else.

Fore more on Small Business Innovation Research Grants from the NSF click HERE, or HERE. For more on SBA Loans click HERE.