Flyover-land startups must work hard for capital

Even the most high-powered sports car won’t go far on an empty tank.

Think about startups without money in a similar way.

Cash, whether it comes from friends and family, grants, angel investors or venture capitalists, is the fuel technology entrepreneurs need to turn their ideas into fast-growing businesses.

With this in mind, venture capital statistics for the first half of 2008 raise some points worth pondering, especially for technology entrepreneurs working in this vast territory known as flyover land. Investors often fly over this area stretching between the West Coast and Boston while checking out — and more frequently funding — deals in more established high-tech hubs.

By JASON GERTZEN
The Kansas City Star

Full Story: http://www.kansascity.com/business/story/724120.html