More and more startups are springing up across almost all industries every year as the internet continues to democratize the business environment.
But as the number of startups increases, the more difficult it becomes for aspiring entrepreneurs to find suitable investors for their business ideas. Venture Capitalists (VCs) have available to them an almost infinite supply of startups to choose from and only limited capital to invest.
Few of the startups stand the test of time. As a matter of fact, 10% of all startups fail during their first year in business, whereas 90% of all startups are destined to fail eventually. One of the main reasons startups fail is that an astounding 29% of the startups fail because they were unable to raise the required capital and ran out of cash.
