Sanjeev Agrawal found venture capitalists to be a risk-averse bunch
over the past two months as he began looking for new investors to back Aloqa Inc.,
the mobile application start-up where he’s chief executive.
“That’s not very encouraging to entrepreneurs who are doing something, because they are risk takers,” he said. “Obviously, we’re not talking 2007 here, but sometimes the number of proof points you need to provide to show you’ll be a big company can be overwhelming.”
Though Agrawal is confident that venture-backed Aloqa, whose software helps people find restaurants, friends, real estate and other products and events based on their locations, will close its Series B round in the next two months, many start-ups may be in for an unpleasant surprise in 2010, some investors say.
To read the full, original article click on this link: Storms Ahead For Start-Ups Raising Second Rounds - Venture Capital Dispatch - WSJ
Author: Venture Capital Dispatch
