While working in venture capital, Catherine Yushina and Grace Leung Shing noticed one kind of company that kept getting rejected: the stable, promising business looking to expand that just didn't have grand ambitions to take over the tech world.
"We saw so many companies getting a 'no' and what puzzled us was they had existing customers, they had revenues, they were growing fast and needed capital to expand," Yushina said. "They were getting a 'no' because they weren't going to be the next Facebook, and that's what funds are looking for."
Those businesses were getting passed over even though they would've been a safe bet for investors. They just wouldn't bring in huge returns or they were simply in an industry not of much interest to Silicon Valley. Read more...
More about Crowdfunding, Revenue Sharing, Business, and Startupsvia Zero Tech Blog
