A startup and funding source survey conducted by Anders Startup team found that securing late-stage startup funding is a top challenge for founders in St. Louis and surrounding areas. While the region has bountiful opportunities to access angel investor capital and other early-stage funding sources, a lack of later-stage funding could inhibit the city’s growth as a startup hub. Forensic, valuation and litigation senior manager Kyle Krahl, MBA, ASA wrote about the results of the inaugural Anders Startup Funding and Outlook Survey and the top lessons the region should take from it.
Kyle writes, in part,
Based on survey results, both startups and funding sources agree: what the region needs now are large, local VC firms that can accommodate B and C rounds to help reduce competition for seed and Series A rounds, creating more opportunities for startups of all sizes and maturities to flourish.
In the article, Kyle also delves into how the lack of late-stage funding has impacted efforts to raise capital in early fundraising rounds as well as possible consequences for a lack of late-stage venture capital funds in the region.
Learn more about the results of the survey and its insights into the St. Louis startup ecosystem in the full article: Top Takeaways from the Anders Startup Funding and Outlook Report: Where is the St. Louis startup ecosystem heading?
Download the report below to access these findings and the full results.