Startups get big help from Big Blue
Armonk, N.Y.-based International Business Machines (NYSE: IBM) set up the IBM Venture Capital Group eight years ago in San Mateo, Calif., but don’t be fooled by the name.
The group isn’t handing out cash for equity, but it does have some valuable services to offer startups, including access to IBM’s Rolodex, if the technology is a fit for Big Blue or, more specifically, for the needs of its big name customers.
