It’s been called the “mother’s milk” of startup companies, but for years, many Georgia entrepreneurs have complained they’re starved for nourishment.
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WHAT IS VENTURE CAPITAL?
Investment in startup companies seen as having high growth potential. Venture firms, in addition to taking equity in the company, also often provide key managerial or operational expertise to fledgling firms. These new companies usually can’t issue debt to finance their operations because of a lack of operational history.
WHAT IS INVEST GEORGIA?
A state-sponsored venture capital fund that could grow to $100 million over five years that would be managed by a professional administrator with the oversight of a state-appointed board. The fund would invest in funds that would in turn invest in Georgia startups, with 80 percent of the profits and the principal restocking the fund for future investments.