Crowdfunding may be changing the rules of the financing game–witness the nearly $8 million plus that the Pebble smart watch raised on the site Kickstarter — but many entrepreneurs still want to raise venture capital.
And though seed money is flowing, as you’ll see in Forbes’ Midas List, it isn’t as easy as some news reports would make you think to raise equity capital. There’s a small universe of businesses that actually raise this form of financing. According to CB Insights, venture capitalists only invested in 785 companies in the first quarter. While that’s the second highest number in nine quarters, it obviously represents just a handful of all of the startups that are out there.
So how do you get your hands on some much-needed investment capital? You may get some ideas from Amanda Steinberg, founder and CEO of DailyWorth, an online community to help women build their net worth that now generates “multimillion” dollar revenue through advertising deals with companies such as ING Direct and OppenheimerFunds.