The daily news of startups raising multi-million-dollar funding is enough to suggest it’s almost easy to raise venture capital. Unfortunately for most entrepreneurs, nothing could be further from the truth — VC firms are more selective than ever in allocating their money.
So how do you, as a millennial entrepreneur, successfully secure VC funding for your business?
1. Make sure you and your startup are ready for VC Venture capital is for companies with high potential to reach broad markets or monopolize a niche that need a considerable amount of capital to make their business plans a reality. Before considering trying for VC, ensure that your startup meets these criteria in a demonstrable, marketable way.
