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Let's Have Some Funds!

Two women entrepreneurs sound off on the ups and downs of finding VC funding.

This story appears in the July 2004 issue of Entrepreneur. Subscribe »

In this economy, is VC funding still available for business owners with solid ideas, strong teams and viable business models? Yes, according to the following two entrepreneurs; but finding it is sometimes tricky.

"Our first institutional round of $3 million came from three institutional funds and several angel investors," says Shoba Purushothaman, CEO of The NewsMarket Inc ., a Web-based broadcast-news distribution service based in New York City. Purushothaman located the institutional investors by participating in the Springboard Venture Forum, an event that brings women business owners and investors together.

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