Facebook’s falling stock price after its highly anticipated IPO may have disappointed some investors, but that doesn’t overshadow this important point – entrepreneurs took a great idea and turned it into a multi-billion dollar business that created thousands of jobs.
Venture capital firms invested in Facebook early on. Andreessen Horowitz
orwp-incontent-custom-banner ampforwp-incontent-ad1">Access to capital is one of the biggest barriers facing startups. This is where the Venture Capital Access Program or VCAP© comes in. VCAP© is a partnership between the
Harvard Business School Alumni Angels of Greater New York (HBSAANY) and The National Association of Investment Companies (NAIC). The HBSAANY invests nearly $2 million dollars into 7 to 10 companies annually.“We’re representing a diverse group of entrepreneurs with the potential to develop something equally transformative over time if given the resources,†says Ed Dandridge, President and CEO of The NAIC.
VCAP© seeks entrepreneurs across the traditional and digital business spectrum. Dandridge says companies in high growth businesses such as technology, life sciences, and consumer packaged goods are ideal candidates.