I have had hundreds of startups reach out to me at Red Rocket looking for fund raising assistance. Most with hungry, passionate entrepreneurs trying to build a great company in their space. But, it is typically the technology startups that get through the filter of what I think is “fundable” by professional venture capitalists, based on my conversations with those investors. This leaves many of the startups in other categories (e.g., CPG, retail, restaurants, real estate, manufacturing) struggling to secure startup capital. Below are the primary reasons most VC’s bias technology investments.
Read the rest of this post on Forbes, which I guest authored this week.
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