So you've finally finished developing your product or service, flushed out your business model, and you're ready to dive head first into your new business venture — but how the heck do you raise enough capital to get started?
Taking venture capital is one way to secure the funds necessary for starting your business. According to recent statistics from Reuters, venture capital firms invested over $4 billion dollars in startups in 2012, and more than $900 million was invested in the first quarter of 2013
Although there is a lot of potential with venture capital firms, it is important to make sure this is the right path for your startup. In exchange for the high risk that venture capitalists assume by investing in your company, they generally receive significant control over company decisions — in addition to a portion of the company's ownership. But, VCs can definitely be an attractive option for startups unable or unwilling to secure bank loans or complete debt offerings; so, if you've decided that applying for venture capital is the right move for your startup, read on to learn about the must-have traits your business needs to attract funding. Read more...More about Venture Capital, Startups, Features, Business, and Small Business