Funding for Startups: Alternatives to Venture Capital
Frank Denbow - Startup Advocate at Microsoft, Founder of INFLECTION
Beth Goldbeth - District Director of the NY District Office for the Small Business Association
Kenny Rosenblatt - Co-Founder & President of Arkadium
John Fiorentino - Creator of Gravity Blanket & Moon Pod
In 2018, nearly 8,400 venture-backed companies raised more than $130 billion in financing, ($47B more than 2017). With the pool of venture money increasing, venture capital seems to have become the default path for startups. Yes, it's tempting. There's a tremendous amount of capital available and VCs are eager to deploy it. But many founders and investors on our past panels have emphasized that venture funding is often not a good strategic choice for entrepreneurs. It's a commitment to a specific growth plan that is essential for many companies - but deadly for others. So what are your funding options? We have some insights from the entrepreneurs who found their ways around venture capital as well as the resources from NY Small Business Association.