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Why The SBIC Doesn’t Work For Venture Capital Anymore

Feld Thoughts

I woke up to an article in Daily Camera today titled Small Business Administration trying to bring SBIC funds to Colorado. I’m an investor in over 40 VC funds around the world (mostly in the US) and three of them are SBIC funds. Each of the SBIC funds were raised in the 2000 – 2002 time period.

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A Venture Capital History Perspective From Jack Tankersley

Feld Thoughts

For example, my firm at the time, Continental Illinois Venture Corporation, the wholly owned SBIC of Chicago’s Continental Bank, had many successful investments. Highly regarded private SBIC, **Sutter Hill Affiliate, Norwegian Shipping Family, +B of A’s SBIC. 1,250,000. Total.

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What Makes a Successful Startup Community? Is it Possible to Build One Where You Live?

Both Sides of the Table

” And if aspiring investment teams are looking to get together the SBIC has come back with a new VC focused program to help non-Silicon Valley communities fund companies beyond their initial angel money. It also has a built-in advantage in telling the world how awesome it’s doing – it’s the center of the media world.

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What type of capital should you raise, and from who?

David Teten

I find many CEOs/CFOs default to approaching the investors who have the most social media followers; who have spent the most money sponsoring events; or whom they met at an event. SBA loans are available through SBA-approved banks and SBIC funds. A good resource for looking up SBICs is here.” .

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