Coronavirus News

First-Time Tech Entrepreneurs Find Early Money Harder to Come By in Silicon Valley – The Wall Street Journal

Breaking into Silicon Valley has become an even taller order for first-time entrepreneurs during the coronavirus pandemic. Seed financing—the earliest stage of startup investing and the start of many technology success stories—has borne the brunt of the pandemic’s hit on the venture-capital sector, data shows. While established startups and entrepreneurs have been able to tap…

posted by anita banks

Published on September 6, 2020

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Breaking into Silicon Valley has become an even taller order for first-time entrepreneurs during the coronavirus pandemic.

Seed financing—the earliest stage of startup investing and the start of many technology success stories—has borne the brunt of the pandemic’s hit on the venture-capital sector, data shows. While established startups and entrepreneurs have been able to tap investors to keep businesses afloat or start new ventures during the financial upheaval, newcomers say the bar has been raised for startups trying to…