Your chances of hitting the venture capital jackpot could depend on who you know.
The reality of inventing is that often, your idea requires a large amount of capital to succeed. After you've exhausted your resources--pestered friends and family, approached every bank, maxed out your credit cards and held numerous garage sales--you may want to look into the possibility of finding capital through a venture capitalist.
A venture capitalist is a company or partnership that has a large fund available to invest in products or ventures. Unlike banks, venture capitalists are willing to get involved in projects where there is a significant risk; however, they demand a greater return, may require control over many aspects of the enterprise and many times dictate who will be hired.
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