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Sam Altman

Competition for funding in F&B segment

25 Jun, 2014

Altman tips tougher competition for early-stage food-and-beverage startups looking to raise money. Dow Jones data show F&B-related companies attracted $1.1 billion in venture capital worldwide in the first half of 2014, while in 2013 the sector received $1.59 billion, up 39% on year. Altman says that wherever there are three or four F&B ventures, there likely won’t be room for another one that…

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