State finance

CONCLUSION
During the coursework, we took into account the content and importance of startup firms and analyzed different sources of finance that are available to the startup firms. It is obvious that there are two groups of startup companies: those in the pre-startup stage and those that are already up and running. Owners' money, led by banks and angel investors, is the primary source of financing for pre-startup businesses.
Financing options for already-established businesses are different. We discovered that venture capitalists, trade credit, and leasing are the primary sources of funding for such startups. These options are used at various points of a company's life cycle. The first two phases of a company's life cycle are governed by the owner's money, banks, and angel investors. When a startup begins to operate and requires additional funding or spotting opportunities to expand the operation, financing strategies such as venture capitalists, trade credit, and leasing are the most common financing options available to them.
Each source of funding has its own set of benefits and drawbacks, ranging from issues of control, transparency, degree of intervention, competencies and skills, and potential prospects for startup success. Owner's capital has the benefit of being readily accessible for entrepreneurs, as well as the fact that the venture team, which consists of family members, friends, and colleagues, does not seek leverage over their share of the funds. Similarly, banks are another source of funding for entrepreneurs that is currently the most readily available. They also take on the part of business angels.
We discussed several factors that influence the entrepreneurs’ decisions throughout the fundraising process. They are self-motivated people who place a high value on personal accomplishments. We have discovered that, despite their high growth ambitions, entrepreneurs do not prioritize increasing their personal capital. Entrepreneurs are so attached to their new businesses, according to studies, that they want to ensure the best conditions for development. However, finding the right investors is crucial. As a result, this dynamic mechanism must be analyzed from all viewpoints in order to comprehend start-up funding decisions.
Analyzing the main sources of startup funding used in European countries was also helpful. We found out that owner’s capital was a main source of finance in many countries, while banks were the dominant sources in other regions. It is clear from the studies that all sources of finance are available for the startups in almost all the countries, it is just the matter of finding the right one and carrying it till the end.