Techcrunch analysed the views of 549 company founders to see what made them successful.
After “experience” and “management team”, “good fortune” was the third most important factor.
But the bit that intrigued was the way these guys started their businesses and what finances they used.
Apparently, nearly all began by using personal savings first, and borrowings from business partners, friends and family or the bank only if necessary.
Maybe that's not surprising, but it is surprising the difference between borrowing versus using savings:
Obviously, entrepreneurs don’t like being in hock.