Abstract:

For any visionary business, one of the foremost troublesome errands is to raise sufficient seed capital. Lavinsky (2010) says, “The vast majority of entrepreneurs have failed to raise venture capital. There are two key reasons for this. First, most entrepreneurs don’t qualify for venture capital since they can’t scale fast enough, nor do they have the potential for a large enough exit. And second, there are too few venture capitalists versus the masses of entrepreneurs who need money.”