Show 'Em the Money
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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