For those looking for venture capital to fulfill an idea or dream, but not aware of how the industry works – “Venture Capital Myths” by Ralph L. McNeal, Sr.
There are various misconceptions about Venture Capital financing. The public knows so very little other than advising the entrepreneur that “you should get financing from a VC or Angel investor.” The chances of getting VC or AI financing ranges from “slim to none” to “a great possibility” depending on you, your product or service…all things that would be in one’s business plan.
Look out, what you read and hear about there being lots of money for starting a business available from Venture Capital (VC) or Angel investment (AI) financing, may not be true…in fact, it is not true! Yes, there is in some cases , VC and AI financing available, but it is not as available as thought. People delving in to start or expand their own business believe that this would be a better way to get financing than having to go through “hoops” that banks require.
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