IN the first article of this series, we talked about the fundamental building blocks of a new technology venture: inventions and teams. It is a fact that this talent generally wants to be paid. Almost all technology ventures need significant capital to grow their operations.1 Unless the founders can contribute significant personal cash, something I would not recommend even if possible, that money needs to come from external investors. In this article, we will talk about the different sources of investment, their requirements, and typical valuations and terms.
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