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Panelists stress patience for manufacturing startups

By April 16, 2015February 18th, 2020No Comments

A panel Tuesday addressed venture capital issues faced by manufacturing startups at the 2015 S.C. Manufacturing Conference and Expo. One panelist said that one of the first things investors and small- to midsized-business owners need to surmount is fear of failure.

Jason Premo, chairman of Greenville-based Premo Ventures, said, “If you look at the very best venture firms out there, look at their portfolios. A lot of times 40-50% of their portfolio is underwater.”

Premo, one of five panelists discussing venture capital and manufacturing startups, said, “It’s one of the rules of the game, knowing that half of your decisions, regardless of how good your due diligence is or how great the market is, 50% of your portfolio is going to go into hibernation or out of business.”

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