Venture capital helps startups avoid getting caught in what Brian Slawin refers to as “the valley of death.”
Early-stage startups risk falling into this valley when they are beginning to get more customers, which means they have to invest in hiring more employees and take other steps to grow the business, says Slawin, portfolio manager for Ben Franklin Technology Partners in Erie, Pa.
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Story excerpt provided by The Business Journal.
Written by George Nelson.
Originally published August 30, 2018.