Gus Sentementes' recent article noted that Lookingglass Cyber Solutions, one of our region's technology companies, had received $5 million in venture capital from sources on both coasts ("To find investors: Go west, young startup — but come back," Feb. 12). This is no small feat, since less than 1 percent of all companies receive this type of funding.
Venture capital requires a perfect combination of strong management, a compelling product, a large market and little real competition — and, as Lookingglass CEO Derek Gabbard noted, good timing and luck.
The reasons 99 percent of companies aren't attractive for venture capital have less to do with where they are located and more to do with the realities of their business models.
To read the full, original article click on this link: Venture capital: Why Baltimore is attractive to high-tech startups - baltimoresun.com
