Entrepreneurial finance involves understanding resource allocation, cost of capital, funding sources, and cash management for entrepreneurial firms. It includes evaluating business opportunities from start-up to later stages by exploring options to create value for the business and stakeholders. Sources of funding for funding gaps can include equity investment, angel investment, venture capital, debt financing, strategic investment, and innovatively sourcing cash. Funds raised are invested in available opportunities, latent opportunities, and opportunities based on an evolving entrepreneurial strategy, with the goal of creating value.