Looking for Venture Capital in Tough Times 2

I can’t say I like its title, but the post called “Earth to Venture Capitalists: Are You Out There?” on the American Express OPEN forum is a good reminder that there is some money available for new investments. And you might, if you need investment to get your startup going, just have to look harder.

Though it’s tougher for small businesses to come up with financing today than it was even a year ago, there are more resources to help locate capital that is available, says Wharton management professor Gary Dushnitsky, who studies entrepreneurs. And, he says, there are more opportunities for entrepreneurs to network with industry veterans and learn about previously unknown funding sources.

That’s posted there by knowledge@wharton.

It recommends several specific sources:

Don’t forget as well to ask your local SBDC or chamber of commerce about local angel investors as well.

  • http://www.goeverywhere.com GoEverywhere Team

    I’ve had associates of mine going after venture capital recently, and it seems like the most typical response, when you can line up a presentation, is that they will give you 25-50% of your needs…IF you find the other money first.

    That’s a tough boat to sail.

  • http://www.multiaxisgames.com MultiAxisMatt

    It’s pretty rough out there, but if you can bootstrap yourself to profitability it’s a totally different game.

    I’m thinking we’ll all get leaner and meaner from this experience, and that the strong companies will learn and adapt.

About the Author Tim Berry is the founder and chairman of Palo Alto Software and Bplans.com. Follow him on Twitter @Timberry. Follow Tim on Google+ Read more »

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