Pro Athlete turned venture capitalist! Athlete turned VC Kobe Bryant makes in the news once again after his announcement of retiring post 2015-16 NBA season. Former American professional basketball player is all set to launch a $100mn investment fund along with investor Jeff Stibel. According to the Wall Street Journal,

While securing funding from a Venture Capital Firm (VCs) is the ultimate aim of a startup, and earns you a credible status in the world of banking and finance, there is very little that an average Joe knows about VCs. For starters, VCs are NOT a collection of wealthy individuals

The greatest challenge for an entrepreneur to launch his startup and keep the business up and running is to acquire the necessary funds. An entrepreneur can get his/her funding from various sources right from the good old banks to the local (un)friendly money lender. However, the preferred mode of getting