Get an introduction from venture capital investors to the world of funding options beyond traditional venture capital. Bryanna Samuels, owner of Good Rapport New York, guides you through various alternative funding sources for startups, including angel investors, crowdfunding platforms, and insider rounds. Gain insights on how entrepreneurs can diversify their funding strategies to drive business growth.
Samuels shares his insights with Yahoo Finance’s Jared Blikre and Sydnee Fried on “Stocks in Translation.” Listen to the full episode here or wherever you get your podcasts.
This post was written by Jimi Corpuz
Video Transcript
The first thing I want to say is that you don’t necessarily have to go down the venture capital route.
Consider all other sources of funding, especially in the early stages.
So, think about angel investing networks.
So this is where high net worth individuals come in, especially if you’re a pre-seed company and you’re an individual with a great idea, they can help you get that idea off the ground.
You can also take advantage of great platform forums like crowdfunding these days to raise funds and further develop your business.
Think of your friends and family.
We often refer to these as insider rounds, and they are actually quite common in the market.
Last year, we saw an increase in insider rounds, friends and family rounds, and we also started to branch out into many of the other channels that I mentioned earlier.
I like the idea of angels.
I want to be someone who can give what they want, I want to be a high net worth individual who invests in other people’s businesses.
It’s $1 million, but the other element is if your net worth is $200,000 and your salary for the last two years and your projections for the current year are not $200,000, or if you have a significant partner, it’s raised to $300,000 between resources and is called the metric.