Bringing Scarce Capital to Upstate New York’s Startups Seeding New Businesses

There’s a cliché that banks won’t lend you money unless you don’t need it. Little wonder then, that entrepreneurs in upstate and western New York have such a hard time getting startup capital. The area is almost too needy. This region has been clobbered not only by the national economic meltdown, but also by local business disasters such as the bankruptcy of Eastman Kodak. Even regional venture capital firms like the Trillium Group have begun moving away from capitalizing early stage businesses, because, according to Trillium partner, Dennis M. DeLeo, “It was hard to make money in the early stage space over the last decade.”

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Created 5 years 276 days ago
by Venture Jobs

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