T3 attends the MassEcon Venture Capital Roundtable
Yesterday I attended the MassEcon Venture Capital Roundtable- which provided further insight into the startup and venture capital markets.
“Risk is being re-calibrated” said Jon Karlen of Flybridge Capital Partners.
“It’s harder to raise money for investments but those investments that are being made, are being made with a much higher level of scrutiny and due diligence. Hot investments today have more to do with “tangible products” according to CEO and Founder of MassChallenge, John Harthorne.
Startups that can prove they have customers willing to pay for their product are more likely to get funded, examples include recent winners of the MassChallenge business competition. The roundtable concluded with how Massachusetts can keep startups in the state; access to top-tier universities and talent, state and local funding for new and growing companies and free or low-cost innovation space, are at the core of the states competitive advantage.