photo credit: SvenDowideit
Small Business Labs recently posted an article on obtaining venture capital. VC has been a long time funding option for businesses all over. However, with the recent economy, funding in all areas is becoming scarce for businesses including that of venture capital.
A surprising 90% of businesses that have already been funded are still not able to secure venture capital. And 75% of venture capital backed businesses can’t even obtain bank financing.
If your company is in it’s early stages and you have a proven management team and can show a secure value proposition then there are possibilities for you to receive some sort of funding for your business.
We are working with several firms that have either recently been funded or will likely get funding offers in the near future. No one is real happy with the valuations and terms, but they are getting funded.