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Venture capital investors poured more money into startups over the past year than ever before, according to financial data company PitchBook. Venture is, of course, how a lot of tech startups raise money. This finding may come as something of a surprise — investors have historically favored face-to-face meetings before handing a promising founder millions of dollars. The industry is known for being majority white and majority male and, historically, VC firms have placed a lot of value on the intangible qualities of an entrepreneur. But the move to connecting virtually means it’s not just Silicon Valley area companies that are seeing a boost in funding, it’s startups across the U.S.
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Venture capital investors poured more money into startups over the past year than ever before, according to financial data company PitchBook. Venture is, of course, how a lot of tech startups raise money. This finding may come as something of a surprise — investors have historically favored face-to-face meetings before handing a promising founder millions of dollars. The industry is known for being majority white and majority male and, historically, VC firms have placed a lot of value on the intangible qualities of an entrepreneur. But the move to connecting virtually means it’s not just Silicon Valley area companies that are seeing a boost in funding, it’s startups across the U.S.
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