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No matter how good the business idea, it usually requires raising capital to become a viable business.
In a world where venture capitalists are becoming risk averse and increasingly behaving like private equity firms, it should come as no surprise that there has been a dramatic decline in seed funding.
Two and a half years ago, I attended a conference in Boston. There, one of the investors on the panel told the audience that raising money is tough. Many entrepreneurs who don’t fit a VC profile have a harder time getting the funding.
If you are a women or an entrepreneur of color or above the age of 40, or from a certain geography (not in the Silicon Valley), you are certainly at a disadvantage. Read more…
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