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Assembly hears how SBDC helps startups cross the 'valley of death' and access capital
Summary
Tech and innovation witnesses told the Assembly that SBDC advising and finance centers help early‑stage firms bridge funding gaps; panelists highlighted an AT Dev success (seed and ARPA grant) and urged targeted state support for scaling and equity in investment.
A second panel at the Assembly hearing focused on innovation and early‑stage company support, with SBDC advisors and founders describing services that help startups bridge the so‑called “valley of death.”
Mark Clough, a tech consultant with Northern California SBDC, explained the valley of death as the stage where prototypes exist but positive cash flow has not been achieved and where many startups fail for lack of runway. He recommended smart,…
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