02 Nov Why investing in early stage health start-ups matters
This post was originally published on LinkedIn by Dr Parisa Glass, Director of Innovation and Enterprise, and is reproduced here with her kind permission.
We’ve all heard the statistic that 80% of new businesses fail. But it’s less well known why. The simple truth is, despite the multiple options for funding – venture capital, angel investing, crowdfunding, start-up accelerator programs to name a few – a great majority of businesses fail due to lack of capital.
In fact, raising capital and finding investors is one of the hardest parts of any new business venture. A 2019 start-up survey by Silicon Valley Bank found that 88% of participants found the current fundraising environment challenging. And that is because the funding pie is small and there is a long line of people wanting a slice.