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Lending a hand to minorities in the search for VC backup

By Nichole L. Torres

Opinions expressed by Entrepreneur contributors are their own.

Getting venture capital is never easy. But getting venturecapital when you have a minority-owned business? That presents awhole new set of challenges, according to James Moore, managingdirector of Emerging Venture Network (EVN), a nonprofitorganization formed to help connect minority entrepreneurs withfunding sources.

The biggest obstacles facing minority entrepreneurs, says Moore,are access and experience. "[VCs] get [about] 100 businessplans a month-and the ones they look at come from people theyknow," he says. Unless you're in that network-part of aVC's Harvard class or a member of one of the associations hebelongs to-the VC probably won't look at your plan.

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