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The three main sources of startup capital are angel investors, venture capitalists and syndicates. There are different funding rounds and early-stage startups typically go through a funding round every 12–18 months. Early-stage startup funds are seed money that is raised through investments or bank loans to start a business. These funds can be used for any business-related expense, including the purchase of office equipment, marketing campaigns, and product development. The process of raising funds in the early stages of a startup often repeats itself in order to attract new investors.