Venture investors often demand proof of concept in the marketplace before they’ll pour precious capital into a technology start-up.
If you’ve helped grow successful companies in the past, however, it turns out all you really need is your resume and a few co-founders.
That’s what happened when a little-known company called Expel, Inc. popped up in Herndon earlier summer. Despite having no customers, no office and only a few employees, the company has already attracted $7.5 million from well-known local technology funds Paladin Capital Group and New Enterprise Associates.
