According to venture capital sources Lefkofsky backed Mason at the meeting.
The drop has already had an effect on venture capital sources.
On Tuesday, a San Diego company, SG Biofuels, plans to announce $17 million in new financing from venture capital sources to continue its work on raising the yields from jatropha.
The incubator also offers training seminars for business owners, as well as networking opportunities with venture capital sources and potential clients to nudge companies along, said Micah Kotch, operations director with N.Y.U.'s Office of Innovation Development.
FundersClub doesn't necessarily replace the traditional venture capital sources, but it's a powerful alternative.
In a year where money is harder to come by, especially from conventional venture capital sources, Rubrik is a notable exception, announcing a $61 million Series C round from several brand-named Silicon Valley venture firms.
We also need to hear from and activate K-12 and higher education, technology- and innovation-based intermediary organizations, the corporate and philanthropic sectors, leading venture capital sources, and communities themselves.
In February, Kibu announced it had raised $22 million in venture capital from sources like James H. Clark, co-founder of Silicon Graphics and Netscape, and Tom Jermoluk, chairman of Excite@Home.
When Mr. Grouf came up with the idea for PeoplePC and went looking for cash two years ago, he had no trouble finding it, raising $65 million in venture capital from sources that included John Sculley, the former chief executive of Apple Computer who is now an investor; Access Partners, and Softbank Technology Ventures.
Conventional venture capital deal sourcing stems from personal relationships that provide access to exclusive and proprietary deals.
