Capital Opportunities for Small Businesses - sbtdc

More documents

Recommendations

Info

C A P I T A L O P P O R T U N I T I E S F O R SMA L L B U S I N E S S E S For a recent look at total venture capital activity in the Southeast versus elsewhere in the nation, consult the Money Tree Report View at https://www.pwcmoneytree.com/MTPublic/ns/nav.jsppage=region&region=1800. Raising Venture Capital Recent indicators show that the percentage of business plans examined by venture capitalists has diminished. A small business can substantially increase its chances of a more thorough review if it can get a direct introduction or referral to a venture capitalist by way of a professional advisor, such as a lawyer or accountant. The approval and backing of a well-respected source will often cause the venture capital firm to consider a company’s business plan. Companies submitting business plans absent such support are rarely successful in securing VC funding. Venture capital seekers can greatly improve their chances of receiving venture capital by presenting a wellorganized and detailed business plan with realistic, yet impressive, financial projections. Entrepreneurs should emphasize their managerial capability, the market size and evidence of demand, as well as the potential to exit the business with a hefty profit. The business plan, however, will only typically generate a meeting. At this initial meeting (sometimes called a “whiteboard session” or “first pitch” meeting), the company must be prepared to make a formal, persuasive presentation that will give the venture capitalist a positive impression of the product and management team. The business plan notwithstanding, a concise executive summary, expense budget for the first two (or more) years, the revenue model, and a PowerPoint presentation is generally the materials laid before any prospective investors. Companies seeking to raise venture capital should allot a substantial amount of time to identifying potential suitors. While there are a number of venture capital firms operating within North Carolina, there are many sources available outside the state. Although these sources have traditionally been difficult to access, the company seeking venture capital financing should, in the initial stages, entertain all possibilities. The prospects for procuring funding from out-of-state financiers are actually becoming more favorable due to the growing national awareness of attractive opportunities in the region, as well as use of the Internet to connect North Carolina’s entrepreneurs with outside venture capitalists. Most venture capital funds operate as ‘blind pools’ in which investors’ monies are combined and then invested by the venture capital fund managers. Some offer an added twist in which investors have varying degrees of discretion in picking and choosing among the deals in which the funds invest. Those VC funds currently active or investing in North Carolina appear below. A detailed profile of each fund is included in a table following this list. Venture Capital Funds Active in North Carolina Note: Funds marked with a * may also be found in the Private Equity Section of the Report. North Carolina based firms are bold italicized. 88
C A P I T A L O P P O R T U N I T I E S F O R SMA L L B U S I N E S S E S Advanced Technology Ventures Bay Colony Corporate Center 1000 Winter St., Suite 3700 Waltham, MA 02451 781.290.0707 info@atvcapital.com www.atvcapital.com Alliance Technology Ventures 1990 Main Street, Suite 750 Sarasota, FL 34236 678.336.2000 www.alliancetechventures.com ARCH Venture Partners 8725 West Higgins Rd., Suite 290 Chicago, IL 60631 773.380.6600 info@archventure.com www.archventure.com The Aurora Funds, Inc. 2525 Meridian Pkwy., Suite 220 Durham, NC 27713 919.484.0400 www.aurorafunds.com Axiom Venture Partners, LP CityPlace II – 17 th Floor, 185 Asylum St. Hartford, CT 06103 860.548.7799 | Info@axiomventures.com www.axiomventures.com Banc of America Capital Investors 100 N. Tryon St., 25 th Floor Charlotte, NC 28255 704.386.8436 www.bacapitalinvestors.com Blue Pointe Capital Management 400 S. El Camino Real, Suite 760 San Mateo, CA 94402 650.293.4545 www.bluepointecapital.com/index.html Bull City Venture Partners 7780 Brier Creek Parkway Suite 410 Raleigh, NC 27617 919-886-4082 Burrill & Company One Embarcadero Center, Suite 2700 San Francisco, CA 94111 415.591.5400 burrill@b-c.com www.burrillandco.com Note: Invests exclusively in life sciences. CW Group, Inc. 1629 K. Street, NW Suite 300 Washington, DC 20006 202.508.1040 cweast@cwventures.com www.cwgroupinc.net Note: Exclusively deals in medical venture capital funds. Canaan Partners 285 Riverside Ave., Suite 250 Westport, CT 06880 203 855 0400 www.canaan.com Carolina Financial Group 185 West Main St. Brevard, NC 28712 828.883.4400 www.carofin.com Carousel Capital 201 North Tryon Street, Suite 2450 Charlotte, NC 28202 704.372.2040 www.carouselcapital.com Catalysta Seed Fund, Catalysta Cooper Seed Fund c/o Catalysta Partners 620 Winnmark Drive Roswell, GA 30076 89
Page 1 and 2:
C A P I T A L O P P O R T U N I T I
Page 3 and 4:
Page 5 and 6:
Page 7 and 8:
Page 9 and 10:
Page 11 and 12:
Page 13 and 14:
Page 15 and 16:
Page 17 and 18:
Page 19 and 20:
Page 21 and 22:
Page 23 and 24:
Page 25 and 26:
Page 27 and 28:
Page 29 and 30:
Page 31 and 32:
Page 33 and 34:
Page 35 and 36:
Page 37 and 38: C A P I T A L O P P O R T U N I T I
Page 63 and 64: APPENDIX A: QUICK REFERENCE TO SBA
Page 65 and 66: PROGRAM AMOUNT % GUARANTEE (MAX) US
Page 87: C A P I T A L O P P O R T U N I T I
Page 97 and 98: PROFILES: VENTURE CAPITAL FUNDS ACT
Page 139 and 140:
Page 141 and 142:
Page 143 and 144:
Page 145 and 146:
Page 147 and 148:
Page 149:
show all

Capital Opportunities for Small Businesses - sbtdc

Create successful ePaper yourself

Delete template?

Save as template?