Biotech venture fund will help founders span the Valley of Death (Guest Opinion by Somak Chattopadhyay) [Video]

Somak Chattopadhyay, managing partner, writes on behalf of the team at Armory Square Ventures. Armory Square Ventures is a seed and early stage venture fund focused on creating opportunities and jobs for those living in Upstate New York. It is headquartered in Skaneateles.

Being an entrepreneur in Central New York can at times be a vexing and lonely vocation. Our region already boasts engaged and knowledgeable investors coupled with a burgeoning startup ecosystem. There are a slew of talented and committed individuals at organizations like Upstate Capital, 43North and Genius NY,who have corralled talent, capital and resources at an impressive clip over the past decades. But we still don’t have the density or range of capital sources at play in tech hubs like Silicon Valley, Boston or New York City. As a result, founders in our region must work twice as hard to find half the funding, and find they need to compete with better connected counterparts in larger metros throughout the …