Downturn, VC industry, present funding challenges for startups
|May 11, 2012||Posted by Anharris under Economics, Innovation, Life Science, Technology|
The economic downturn of 2008 has led to significant changes in the Massachusetts Venture Capital industry. Those changes have made it easier now than at any time in the last ten years for startups to get relatively small amounts of seed money–but more difficult for them to obtain “A Round” or additional series funding.
That was the consensus of three Boston area venture capitalists who spoke at the Cambridge Innovation Center on Wednesday, May 2.
I published a full account of the event –sponsored by McCarter-English law firm and featuring Jo Tango of Kepha Partners, David Beisel of NextView Ventures, and CA Webb, of the the New England Venture Capital Association– at New Cambridge Observer.
–Anita M. Harris
Anita Harris is president of the Harris Communications Group, an award-winning public relations and marketing firm based in Cambridge, MA