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Another panelist, Marie Schwartz, lamented what she said is a "huge bias towards youth" on the part of venture capitalists.
Tusk Montgomery Philanthropies, which is part of venture capital fund Tusk Ventures, sponsored West Virginia's partnership with technology firm Voatz.
They were part of Venture Strategy Solutions, a startup consulting club that gave them behind-the-scenes glimpses of how young companies go from an idea to a sustainable business.
Without the opportunity for an initial public offering and with apprehension on the part of venture capitalists about continuing to plow money into the company, Powerful has gone looking for a buyer to keep it afloat before a serious cash crunch.
One is increasing conservativeness on the part of venture capitalists.
More pernicious, though, is the heavy discounting on the part of venture capital funded "disruptive" brands.
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In addition, 32percentt are in the angel-backed phase of funding, 18 percent have self-funded ventures, 5percentt are part of public companies, and 32percentt are part of venture-backed startups.
He would not divulge which ones or if he might be part of their venture.
Now, he said, "they are really part of the venture community".
Sadly, the Catholic church, for reasons unknown, is not part of this venture.
SoftBank's deal-making has affected every part of the venture capital market.
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