Venture capital for new technology is still at a high level. Entrepreneurs seeking to attract technology industry venture capital firms face a competitive, even ruthless, process. However, those seeking technology VC can see success with a novel product or service and proper due diligence.
If you are seeking venture capital for new technology, understand that venture capital firms with a technology focus look for:
Focus on technology venture capital firms
VC is an arena that allows for a wide variety of specialization. By focusing your search on venture capital firms with a technology focus, your search will narrow considerably to firms that are interested in your product.
I recommend: Technology Funding focuses on IT companies and is based in the Silicone Valley.
General Atlantic invests exclusively in technology firms and is a worldwide player in the tech investing market.
Promote yourself online to VC firms
Alert tech VC firms to your funding needs via the web and attract technology investment.
I recommend: Go BIG Network allows you to post a funding request and in turn seeks to match you with a tech VC firm. You can also see links to additional resources to help you start or grow your business.
Funding Universe offers its members a 13-lesson boot camp designed to teach entrepreneurs how to raise technology venture capital.
Seek out local technology-based venture capital firms
Often, tech VC firms prefer to invest in local companies that they can visit and check on progress regularly.
I recommend: Capital Vector offers a searchable directory of all active US technology investment firms.
Sorrento Ventures is one of the technology venture firms that focuses on the growing Southern California IT market.
Advantage Capital has offices in Missouri, Louisiana, New York, Texas, Florida, Mississippi and Washington, D.C., with affiliated offices in Alabama, Colorado and Wisconsin.