Where is Financial Relief for Startups?
Startups Lost in the Mix
In the world of government financial rescue, tax credits, subsidies, and guaranteed loans have been effective traditional interventions for stressed businesses in times of crisis. However, as these economy-boosting programs have targeted mature (large and small) businesses, they have not been accessible to startup companies. For startup companies, access to capital is not through banks or SBA programs, but through angel investor and venture capital investors. One of the main reasons for this is that most startups lack collateral, guarantees, and predicable revenue forecasts. Investors who invest in these types of companies are willing to accept these risks in order to participate in extraordinary returns. The benefit is not only to investors, however.
Newest Members at The Tech Garden
The Tech Garden recently welcomed five new startup members that now have access to business resources, mentors, funding opportunities and events.