Thanks to social media, crowdfunding and the relative affordability of technology, the barrier to entry for startups has never been lower. But that just means there’s more competition for investment capital. Angel investors or venture capitalists fund less than 1 percent of startups. Compare that with the 57 percent that receive loans or credit, or another 38 percent that are financially supported by friends or family. It’s not because investors don’t have money to spend; it’s just that too many entrepreneurs put themselves in the wrong place at the wrong time.