Exact(2)
There are also a growing number of competitions sponsored by companies themselves, many being venture capitalists, and even some competitions targeted solely to a specific scientific field.
Rap Genius steadly rose to the top of many search result pages thanks to links from bloggers and being venture funded so it doesn't have to show ads like the aggressive pop-ups and ringtone scams that pollute competing lyrics sites like AZlyrics and MetroLyrics.
Similar(6)
Let's flip this around and imagine, instead, the opportunity that NOT being venture-backed actually offers entrepreneurs.
Additionally, while a number of the DIY Pass builders are new, early stage startups, Tello also had the benefit of being venture-backed to the tune of $3.7 million in total outside funding, following its seed round in February.
If we want our brightest minds to tackle society's biggest problems, we need to move away from the notion that being venture-backed is the only way to build a successful company.
And perhaps more importantly, being venture-backed often encourages entrepreneurs to chase disconnected valuations and single paths of growth strategy that may not be in the best interests of the founders, their businesses or the industry overall.
Being venture-backable implies certain characteristics: a $1 billion-plus market, exponential growth, spending excess capital and having a strategy for a major liquidity event within a predefined time frame.
His only hope was venture capital.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com