Next Things First

“The Valley of Death” by Rob Coppedge
October 15, 2008, 8:51 pm
Filed under: venture capital | Tags:

So we have been blogging a lot about the capital gap facing early stage, innovative health care services companies. Jory’s post earlier today points explicitly to the needs for these companies and the solutions they are bringing to market – and also to the lack of capital focused on their development.

He quoted hard numbers but I can add the “human element” – I have met with more than 20 extremely innovative start up companies (or entrepreneurs with solid plans) in the past month and none of them have any confidence they’ll be able to raise the capital needed to keep the business moving or get it launched. 

Today, one of these entrepreneurs let me in on some local lingo – that around Seattle if you are out trying to raise $500,000 to $5 million, they say you are in the “Valley of Death”. 

It will be interesting to assess the level of excitement among investors and entrepreneurs at next week’s Health 2.0 conference in San Francisco. I’ll look forward to hearing from any of you who are there.

Posted by RobC


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