> Most of this money doesn't come from banks or venture capital funds, however. "Newly founded companies are mostly financed by the founders' own funds" Also h

> Most of this money doesn't come from banks or venture capital funds, however. "Newly founded companies are mostly financed by the founders' own funds" Also happens to be true of the US as well. VC funds only fund a minority of tech businesses, and for a good reason too, many tech businesses are simply unsuitable for that type of investment. VCs typically need to seek a 10x return over 3-5 years for the maths to work, and most tech companies aren't going to grow that fast.