Global Entrepreneurship Monitor 2004

The report strongly supports the notion that self-funding and informal investment are critical to an entrepreneurial society. About 99.9 percent of nascent entrepreneurs launch new ventures without formal venture capital or business angel investments, the report states. Entrepreneurs themselves provide 65.8 percent of the start-up capital while others, mainly informal investors, provide the remaining 34.2 percent. New to this years report is analysis demonstrating a relationship between Total Entrepreneurship Activity and per capita Gross Domestic Product