To understand venture capital and how it affects start-up businesses in Baltimore, you might want to try a baseball metaphor.
It takes anywhere from $1 million to $5 million in seed money to get started. And that's just hitting singles and doubles. A start-up that wants to knock a grand slam out of the park needs a lot more than that, $10 million or more. And for that, local businesses have to turn to out of state investors.
A Johns Hopkins University report released last week found that almost 70 percent of venture capital investments for start-ups in Baltimore are coming from outside of Maryland.