At least that is the opinion of Mark Suster, a general partner at GRP Partners, which specializes in venture capital for startup and early stage companies. In an article for SmartPlanet, Suster noted that social networking sites such as LinkedIn have made it easier for entrepreneurs to connect to venture capitalists in a meaningful way, instead of simply submitting their business plans to a generic inquiry email address.

"Most VC's will figure that if you are truly an entrepreneur you'll find somebody skull and bones that knows them, develop a relationship with that person and find a way to get them to introduce you to the VC," Suster wrote. "If you can't do that then you're probably not really an entrepreneur."

Luckily for entrepreneurs, the development of that kind of relationship has become easier with current technology, Suster noted.

However, if an entrepreneur fails to get VC funding, it may not be such a bad thing - a recent article in Fortune magazine suggested that businesses without startup funding may actually be more motivated to succeed.