For the group gathered at Utah Business’ entrepreneur roundtable Wednesday morning, the problem is money. From startups looking for seed money to companies deciding whether to sell or go public, Utah’s entrepreneurs’ biggest decisions are based on money.
For entrepreneurs trying to get seed money or other funding early on, capital is harder to find, particularly in certain industries, said Andy Raguskus, president and CEO of OtoKinetics, Inc. “I’m not sure the term venture really applies to venture capital anymore.” He said investors are becoming more risk averse and don’t want to get involved until late-stage funding.
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