Story excerpt provided by Crain’s Cleveland Business.
Written by Chuck Soder.
Cuyahoga County is getting into the venture capital business — indirectly, at least.
The county wants to lend a total of $7.5 million to private investors and other organizations that finance tech startups and other high-potential small businesses.
Through three proposed loan programs, the county aims to help entrepreneurs get through the so-called “valley of death” — that point in a young company’s life when it needs more capital than friends and family members can provide, but isn’t yet ready to raise money from larger venture capital funds or a bank.
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Originally published July 19, 2015.