Entrepreneur Plus - Short White
For Subscribers

The Simple Trick to Winning Funding From Midwestern VCs警告:有资金怪癖的过街天桥ry.

BySam Hogg

This story appears in theSeptember 2016issue of狗万官方.Subscribe »

Shutterstock

Say you're a shiny startup launching in an emergingentrepreneurial hub-- perhaps in Detroit, Chicago or Cleveland. Congrats! You have access to great research institutions, an educated workforce and an astoundingly low cost of living and wages relative to the coasts. But when you look for capital, you'll face the harsh reality of launching a business in the Midwest.

There's no way to sugarcoat this: VCs on the coasts aren't usually interested in you. There's an unfortunate history of many Midwest-based startups raising aseed round of funding, then running out of money before generating sustainable revenue or lining up a Series A round.

Continue reading this article — and all of our other premium content with Entrepreneur+

Join the internet’s leading entrepreneur community! With your subscription you’ll get:

  • Unlimited access, including premium content
  • No ads
  • Subscription to狗万官方magazine
  • Four free e-books a year
  • Subscriber-only events with our experts

Editor's Pick

Related Topics

Data & Recovery

Store More With 20TB of Cloud Storage Space, Just $99.99 for Life

Keep more of your data organized in the cloud for a one-time fee.

Business Process

This Department Might Be Holding Your Business Back. Here's How to Change That.

Human resources has become too often disconnected from the bottom line. Here's how to deftly integrate the two to address 21st-century challenges.

Business News

How One Couple Became Multi-Unit, Multi-Brand Franchise Owners

When Matt and Anne Evers took the leap to buy a franchise, they never imagined they'd grow to 13 locations across two brands just eight years later.

Leadership

4 Key Indicators It's Time for You to Hire Your First Employees and Stop Doing Everything Alone

Deciding on the perfect timing to make the shift from solopreneur to team leader can be challenging, but there are certain signs of whether you are prepared or not to take the plunge and recruit staff. Take a look and see if you've reached these milestones and if you should start thinking about hiring outside help.

Money & Finance

Want to Become a Millionaire? Follow Warren Buffett's 4 Rules.

Too many entrepreneurs are counting too heavily on a company exit for their eventual 'win.' Do this instead.