Austin's interest in computers helped fuel his design of a new hard drive that is far superior to anything on the market.Austin's product and business plan will likely attract several sources of financing if he is willing to give up part ownership in his company.
Venture capitalists are individuals or companies that invest in new businesses in exchange for partial ownership of those businesses.However,as a result of the bursting dot.com bubble,many venture capitalists have reduced how much they are willing to invest in a high tech venture and have increased their required rate of return.
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