The Wall Street Journal is out with a story about the unusual steps small business owners are taking to raise money, now that venture capital dollars have dried up and credit is hard to come by. One Brooklyn coffee shop owner got neighbors and customers to invest in her businesses, while a Connecticut woman sold cupcakes to raise money for her travel Web site. Then there were the software developers who won a Red Stripe beer contest and got the brewery to give them cash instead of a trip to Jamaica. “We like to think that Bob Marley is our angel investor,” says Aaron Foss of Smart Medical Solutions. Read the story here. (Registration required). If you know of any entrepreneurs who has used unusual methods to raise startup money, send the information to editors@businessreport.com.
WSJ looks at how entrepreneurs are raising money
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