New funding options make it easier for women and minority entrepreneurs to raising financing.
this way. Women-owned firms met their funding goals 78% of the time and people of color 75% of the time, compared to 66% for the group as a whole.
Through the years, Delee raised money by winning competitions and grants. It also raised $1.2 million after presenting at a Y Combinator Demo Day. The Delee co-founders realized it needed more money to pursue FDA approval of the device, test if CytoCatch works with other cancers, and ensure that health insurance will reimburse tests done with the device. Raising venture capital would take at least 12 months.
is the second leading cause of death globally, accounting for an estimated 9.6 million deaths, or one in six deaths, according to the World Health Organization . The co-founders had all lost family members and friends to cancer.Once you achieve your minimum, Republic starts promoting you to its investors. Velarde wasn’t aware of this. Delee raised only $75,000 in its first month.
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