Support our non-partisan non-profit newsroom 💜 Donate now

Looking to start a business? Family first

Chris Farrell Feb 21, 2014
HTML EMBED:
COPY

Looking to start a business? Family first

Chris Farrell Feb 21, 2014
HTML EMBED:
COPY

The textbooks say financial markets are supposed to take in your savings and funnel the money to businesses, but there’s strong data that when it comes to money for start up businesses, banks are risk averse these days and want to see a track record before lending. Sure there are angel investors who like to make bets on tech, especially.

Marketplace’s economics contributor Chris Farrell says there are other informal ways for entrepreneurs to get early money — just look back at how Motown got started.

Click on the audio player above to hear the full interview.

There’s a lot happening in the world.  Through it all, Marketplace is here for you. 

You rely on Marketplace to break down the world’s events and tell you how it affects you in a fact-based, approachable way. We rely on your financial support to keep making that possible. 

Your donation today powers the independent journalism that you rely on. For just $5/month, you can help sustain Marketplace so we can keep reporting on the things that matter to you.