Story excerpt provided by The Plain Dealer.
Written by Michael C. DeAloia.
Good news recently was shot across the capital-raising bow when Flashstarts announced it would build a $15 million fund and launch StartMart, an entrepreneurial hub located on the second floor of Terminal Tower.
But the funding situation is still tricky, if not desperate, for a number of other growing entrepreneurial companies – some of which may be looking outside of Cleveland for funding. In my previous column, I noted these deep concerns held by many entrepreneurial and civic leaders over the lack of Series A capital for the Cleveland area.
This week’s column will focus on a lawyer turned entrepreneur who noticed the lack of Series A and Seed Capital and decided to create a fund for the concepts his medical device company was spinning, and give insight to solving the Series A conundrum.
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Originally published May 24, 2015.