To fund a PowerPoint: Bucking the trend, some VCs still target early-stage startups

The time has never been better to invest in very young technology companies, but that doesn't mean it's easy. That's one reason why most venture capitalists tend to focus on larger, less risky investments, where markets are more defined and opportunities more obvious. Yet several firms are placing all or a substantial part of their bets on early-stage startups, many of which have not progressed far beyond the concept stage. These VCs must be prepared to fail, even more so than those who focu