The managing general partner of Anthem Capital Management’s Baltimore office expects a tougher year for entrepreneurs looking for funding, but said opportunities still exist for the right ideas.
“My industry is not as directly impacted by economic upturns or downturns in the economy as others may be, but we’re hardly immune from its effects,” Gust said. “It will be increasingly difficult for private companies to raise capital.”
A survey released last month by the Mid-Atlantic Venture Association showed an uptick in fourth-quarter investments from the previous quarter, with 89 percent of regional investors closing at least one new investment, compared with 64 percent in the previous quarter and 72 percent during the same quarter in 2006.
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