Lately, venture capital firms have been investing in companies that are close to going public, and in larger start-up firms such as Google. Venture capital firms prefer to risk their money on proven business models. Smaller companies that have been neglected by the venture capitalists are seeking financing from 'angeles'-small groups of individual investors.
Discuss what types of companies typically require venture capital financing and identify other company types that are unable to generate financing though venture capital. Why are they unable to obtain venture capital financing?