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Getting venture capital

Posted by Michael Bloch in online world (Friday February 29, 2008 )

Each day I read about startups getting substantial amounts of moola in venture capital for what appears to be, at best, rather gimmicky web services with little chance of real success. How do they get the cash?

When you’re working on a comparative shoestring, the mind boggles at the amount of money being thrown at some of these obscure or copycat services – 5 million here, 10 million there. It seems almost as though you can whack a “Web 2.0” or “Beta” logo on anything and the investors come running.. it’s reminiscent of the late 90’s just prior to the Internet bubble bursting.

Whether we’re headed for a bubble bust again, I’m really not knowledgeable enough to say – but obviously venture capital isn’t as easy to get as it sometimes appears to be. I’ve read that over 400,000 U.S. entrepreneurs chase more than $50 billion in angel investment and venture capital in the USA alone.

Aside from the product or service you’re putting in front of potential investors, it’s down what you know about the venture capital scene, who you know – and of course; how you market it.

So given my naivety on the subject of venture capital, I’ll need to defer to others that have been there and done that.

If you’re chasing after venture capital cash, here’s a couple of possibilities:

The first is a service called “Fundability: Make (Seed) Money Fast!” – a marketplace where entrepreneurs and investors can find hook up.

But probably the best place to start would be this post on the popular social networking news site, Mashable:

10 Free Ebooks and White Papers About Venture Capital – which also includes a link to a free ebook containing a list of 100 venture capital firms that have given start-ups first-time funding.

Good luck in selling your soul.. err, I mean.. chasing the dream! ;)


1 comment for Getting venture capital
  1. Good link you posted here. These ebooks are extremely helpful. While most of them discuss about millions of funding, there is a need for information about providers of small finance about 100K.
    Most of the VCs are cater to high end of the market where the risk is low.

    Comment by Clickbank shopper — April 5, 2008 @ 9:00 am

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