Cuyahoga County plans to fund startups, but cash comes with caveats

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.

Click here to read the complete article.

Originally published July 19, 2015.

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