We find that the Obama administration has apparently released to the SBA $200 million per year in equity funding to early state startups. www.sba.gov is the SBA’s site.
\nThis is most welcome, but there’s a big catch: the government funds must be matched 1:1 with private equity contributions, which means that the program might not help struggling early stage firms at all.
\nAt least one VC agrees with us: Ray Leach of JumpStart America, whose comments are somewhat paraphrased above.
\nHowever, we continue to see that if your marketing and management is up to snuff, you shouldn’t have a problem attracting venture capital, or friends and family money.
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We find that the Obama administration has apparently released to the SBA $200 million per year in equity funding to early state startups. www.sba.gov is the SBA’s site. This is most welcome, but there’s a big catch: the government funds … Continue reading