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We've got venture capitalists all over the country who have been active".
Susan Preston, general partner of CalCEF, a clean-energy angel fund in San Francisco and author of two books on angel investing, said entrepreneurs might have to pitch to 50 or 100 investors before they got venture funds: "In tight times, only the absolute stars rise to the top to receive funding.
We've got venture folks who want to look around the bend and make a big bet on a big future.
Did you know how Mark Zuckerberg supported Facebook in the early days, before he got venture funding?
"Everybody looked at the ARPA-E grants and then many of the firms got venture capital funding," says Diaz Anadon, whose group will issue a report on ARPA-E next month.
And it got venture capitalists in two hemispheres excited enough to invest $16 million to date in a first-time entrepreneur with no track record or domain expertise.
Similar(53)
I tried to get venture capital.
Seventy percent of their companies eventually get venture capital or "angel" financing.
It is just a tough time to get venture capital funding from anyone.
Still, Schewel, like many highly technical entrepreneurs, had trouble getting venture capitalists excited.
"I didn't realize you could go to a bank or get venture capital.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com