We are a business incubator hosted at the Indian Institute of Technology, Bombay. Most of the entrepreneurs we incubate are first generation, low on cash, high on optimism and presumably good at technology. Passion, commitment and core expertise are essential ingredients of entrepreneurs, however, many of them lack understanding on what is involved in raising fund from a venture capital firm or an angel investor.
While venture capital can be of tremendous value for start-ups, only a small number of the companies chasing venture capital end up getting it.
To read the original article: Venture capital not the only funding option for start-ups - Livemint
