This post originally appeared on startupnation.com/start-your-business
On this morning’s WJR Business Beat, Jeff shares a newly released PwC report on venture capital. The report details that funding increased 14 percent between Q4 2019 and Q1 2020. But while total funding in dollars rose quarter-over-quarter, the amount of funding going into a broad array of startup companies has gone down.
What does this tell us?
It tells us that venture capitalists are beginning to tighten their belts, and they’re focusing their investments on their existing companies.
Jeff analyzes further in this morning’s WJR Business Beat:
StartupNation exclusive discounts and savings on Dell products and accessories: Learn more here
“If you’re a startup company and you’re already in business, you better switch up your business plan now so you get off dependency of venture capital funding. It’s really going to tighten up over the next year or two. And if you’re thinking of starting a business, don’t build a business plan around getting near term venture capital for your growth.”
– Jeff Sloan
Tune in to News/Talk 760 AM WJR weekday mornings at 7:11 a.m. for the WJR Business Beat. Listeners outside of the Detroit area can listen live HERE.
Are you an entrepreneur with a great story to share? If so, contact us at firstname.lastname@example.org and we’ll feature you on an upcoming segment of the WJR Business Beat!
This segment is brought to you by Dell Technologies
The post WJR Business Beat with Jeff Sloan: Venture Capital (Episode 47) appeared first on StartupNation.