Raising capital is not new. In fact, it’s as old as the hills or as old as the sails, if you will, considering the fact that Christopher Columbus sailed to the New World with the backing of people who were venture capitalists at heart, if not in name. Columbus, it should be remembered, began his groundbreaking journey across the seas in the 15th century. He was able to sail the uncharted seas and discover the Americas because of the generous backing he received from Spain’s King Ferdinand, even as Queen Isabella remained skeptical.

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