Who Just Raised A $225 Million Financing in North Carolina?
SEPTEMBER 20, 2015
Last Tuesday, while I was enjoying a week off the grid, AvidXchange announced they had raised a $225 million financing led by Bain Capital Ventures. It was big news in Charlotte, North Carolina where AvidXchange announced the groundbreaking on a new headquarters complex in the N.C. This was an atypical investment for us as we participated in the financing through our Foundry Group Select fund. The post Who Just Raised A $225 Million Financing in North Carolina?
Is the Financing Really Done?
AUGUST 28, 2011
They do not even need to use a clause in the agreement to abandon the financing. The whole point is that a financing is not done until you close and have spent all the money. The bottom line is, don’t get arrogant when you are about to close on a financing; be happy, be excited, be grateful, but cautious. Other articles can be found in the Charlotte, NC- small business section of Examiner.com. The term-sheet was completed weeks ago.
Startup Blog: Startup Basics Recap from Interview
JUNE 6, 2011
As an example, note the enthusiasm exhibited by a local business owner as highlighted in the Fox News in Charlotte, NC June 5, 2011 in a story covered by Renee LaSalle. Other articles can be found in the Charlotte, NC- small business section of Examiner.com.
3 Main startup traits attract money and talent
SEPTEMBER 19, 2012
Other articles are in the Charlotte, NC- small business section of Examiner.com. entrepreneur advisors mentors employee Startup management leadership director financingEveryone has their own set of biases and requirements when it comes to evaluating business opportunities.
All I need is a lead
JANUARY 21, 2013
The result is that you fail to close on a financing. Remember, your financing is not complete until the money is in the bank! Other articles are in the Charlotte, NC- small business section of Examiner.com. entrepreneur Startup lead investor financing
What Are You Talking About?
JANUARY 6, 2012
Other articles can be found in the Charlotte, NC- small business section of Examiner.com. pitch entrepreneur investor Startup presentation financingHave you ever spent 20 – 30 minuteslistening to someone and really have no idea what the person was talking about?You You heard them, but the presentation was not clear to you! The problem is a trap that plagues early stageentrepreneurs.
Be known for reliability and honesty
SEPTEMBER 26, 2012
Other articles are in the Charlotte, NC- small business section of Examiner.com. truthful strategy entrepreneur investor honesty Startup advice leadership financingHow far out of the box are you willing to go?
Carvana Launches into Austin and San Antonio
OCTOBER 28, 2015
Nationwide, it’s in eight markets including Atlanta, Birmingham, Charlotte and Nashville. With Carvana, you can buy a car entirely online – from financing, to trade-in to […] The post Carvana Launches into Austin and San Antonio appeared first on SiliconHills. Carvana, a startup that lets people buy used cars online for next day delivery, launched this month in Austin and San Antonio. Carvana is also in Houston and Dallas.
You may never see what I see
SEPTEMBER 25, 2012
Other articles are in the Charlotte, NC- small business section of Examiner.com. entrepreneur vision business plan Startup leadership presentation financing
Avoiding sticker shock from service providers
AUGUST 29, 2012
Owing fees for services payable at the close of a financing is more common than you think. Other articles are in the Charlotte, NC- small business section of Examiner.com. entrepreneur Startup management agreements budget financingFew companies will operate with employees as the sole source of workers for your company. Your mentors, advisors, and board members may work on a fixed fee, or may require billing per time worked.
Investor meetings will not happen if they do not believe what you send
SEPTEMBER 24, 2012
Other articles are in the Charlotte, NC- small business section of Examiner.com. entrepreneur investor marketing Startup presentation financing
Sales and Marketing Is Up to the Startup CEO
JULY 16, 2012
A successful set of meetings will end up with a closure of a financing and cash to run the company. CEOs sometimes hire finders or bankers to facilitate in the sales and marketing of a financing. These finance professionals help to bring interested parties together like a matchmaker. Interestingly, the selling requirement is not simply for financings. Other articles are published in the Charlotte, NC- small business section of Examiner.com.
The 10 Best U.S. Cities to Start a Business in for 2016
Up and Running
JULY 5, 2016
If you know that you will need a large amount of outside financing to start your business, you may want to consider Lincoln, Nebraska. It also ties with Lincoln for most accessible financing as well. Charlotte, NC. Charlotte Business Resources: Licensing and Permitting.
Starting Off the Year: Healthcare with a Twist
JANUARY 2, 2012
Other articles can be found in the Charlotte, NC- small business section of Examiner.com. entrepreneur Startup financing networkingIt shouldnot be a surprise to you to learn that I work heavily in the healthcarespace. I assist several types ofbusinesses. Some are startup, some not-for-profit,some make money, and some do not. Thepeople I work with are terrific. Theydid not pay me to say this, but I did choose to work with them because they areterrific.
It Takes Longer and Costs More
MAY 29, 2012
Other articles can be found in the Charlotte, NC- small business section of Examiner.com. strategy entrepreneur partnering Startup budget financingYou are planning the development of your technology and your budgets. You carefully outline the timelines milestones and key inflections for your company growth. In all of the planning, you consulted with your team and advisors. Now you are preparing to present the business strategy to raise capital or find a partner for the technology.
Know the competition and key decision maker before your next pitch
OCTOBER 31, 2012
Other articles are in the Charlotte, NC- small business section of Examiner.com. customer entrepreneur partnering investor marketing Startup leadership sales financingMy tactor is GREEN and the others RED. That is just what you need to improve your business!
I do not trust you is bad feedback
JULY 27, 2012
Other articles are published in the Charlotte, NC- small business section of Examiner.com. entrepreneur marketing honesty Startup leadership financingWatching the elections brings out many point that entrepreneurs can learn, but mostly from the negative aspects of the ads.
Finding Investors is highly dependent on your ability to network
OCTOBER 29, 2012
The investment made by each will depend on their financial capacity, internal limits of the finances for each investment, and their comfort with the company. Other articles are in the Charlotte, NC- small business section of Examiner.com. Grow your network far and wide.
Angel Education is Sometimes Required
MAY 16, 2012
Typical terms on a convertible note include such things as: interest, discount, conversion definition, ties to future round of financing, and possibly liquidation preferences. Terms and structures of financings vary. Entrepreneurs having never raised capital will first have to learn what the financing vehicles are and then understand them. Other articles can be found in the Charlotte, NC- small business section of Examiner.com. entrepreneur investor Startup financing
Did You Forget Something?
FEBRUARY 1, 2012
Other articles can be found in the Charlotte,NC- small business section of Examiner.com. pitch entrepreneur partnering Startup financing networkingWhy is it thatsmart people sometimes forget to do smart things? I am always amazed at how stories from othersmatch my experiences and confirm failures of people trying to make contact. Negotiations, networking, searching for jobs,seeking funding, and many other activities are common events.
MARCH 13, 2012
Your pitch to capture partners or financing may take multiple attemptswith substantial business progress over time to attract interest. Other articles can be found in the Charlotte,NC- small business section of Examiner.com. strategy pitch entrepreneur partnering investor presentation financingDuring yourtenure as the CEO, you will give presentations extensively.
Dialing for Dollars
DECEMBER 20, 2011
One greatway to get non-dilutive financing is by partnering a product you may not wishto develop or sell yourself. Other articles can be found in the Charlotte, NC- small business section of Examiner.com. entrepreneur investor Startup financingAs statedbefore, your startup will have little or no money for the first severalmonths. The most important activitiesyou can do in this time are to create as much value to make the companyfundable.
Agile success generates great feelings
AUGUST 6, 2014
The deal structures for the financing may follow the same pattern of making you feel ill or bringing a huge smile. This suggests it may be wise to consider raising cash when the markets are good for financings; even if you may not need it yet. Yes, it is a bit like THIS!
Lessons learned by local entrepreneurs
NOVEMBER 16, 2012
For some, small communities are more beautiful Big Council hosted a technology conference for entrepreneurs yesterday in Charlotte NC. Unlike Boston or Silicon Valley, the Charlotte NC area has fewer companies and less VC groups with local funding.
15 Entrepreneurs Share What Makes Their Business Unique
AUGUST 13, 2016
BR Finance Solutions is unlike any other lender out there. Unlike traditional and non-traditional lenders, online and in person, BR Finance. However, BR Finance Solutions is able to provide alternatives to those who have bad credit or no credit.
100 plus articles published in the Examiner
APRIL 10, 2013
The following articles are published in the Examiner.com and cover issues of startups and entrepreneurship. The list covers all articles published as of April 10, 2013.
A Sprinkling of Unvalidated Vision May Pay Long Term Dividends
Launching Tech Ventures
FEBRUARY 12, 2011
Saturday, February 12, 2011 A Sprinkling of Unvalidated Vision May Pay Long Term Dividends by Charlotte Jepps Conventional wisdom in ‘lean startup’ theory appears to prescribe the following formula: 1.
Selling and closing are essential to the success of business
SEPTEMBER 17, 2012
For example, after months of rounding up investors, informing them of the need to put their funds in escrow or that they will be left out may help bring the financing to a close ( one way or another ). Even then, it may require constant pressure on the process until the financing is complete.
Business Modeling is Process, not an Event
The Entrepreneurial Mind
FEBRUARY 27, 2012
While a business plan may be important to secure financing, a business model is what will guide the entrepreneur through the inevitable trial and error of finding the best fit in the market. When we expanded our health-care business from Raleigh into Charlotte, N.C., As a result, our operation in Charlotte never reached profitability. Developing a sound business model is key to the successful launch of a business.
Dilution concerns by founders and investors
NOVEMBER 20, 2012
These companies may have developed on schedule, but the reduced economy and fear by investors slowed financings. No one wins if the company shuts down, so entrepreneurs try to close on a financing under the best conditions possible.
Need Money? A Few Links to Possible Investors
AUGUST 17, 2011
A recent article in CNN Money titled “ Cash is king: 8 tips for optimizing your startup financing strategy ” describes issues in developing a strategy toward raising capital. Another way to find possible VCs is to look at competition and see which firms invested in their financings. Other articles can be found in the Charlotte, NC- small business section of Examiner.com. It is clear that if you have a new startup, getting investors is essential.
Organization and consideration help in the tough spots
JULY 17, 2013
This is housekeeping but it usually happens when finances become tight and you try to trim the expenses. Other articles are in the Charlotte,NC- small business section of Examiner.com. wonder where that Contract with Big Co is located?
Indecision can kill your business
AUGUST 9, 2012
For example, suppose you have multiple investor groups with different term sheets for your financing. Other articles are published in the Charlotte, NC- small business section of Examiner.com. UP OR DOWN ? One of the most difficult problems to tackle is deciding between multiple options. Complicating the decision may be playing one option against others in an attempt to optimize the outcome.
Now You See it, Now you Do Not!
JANUARY 25, 2012
After much planning and having a deal done for the next financing, hereceived a call saying the fund was not going to go through the deal. Other articles can be found in the Charlotte, NC- small business section of Examiner.com. One of themost difficult of topics to discuss is the demise of your startup. There is nothing tosay in advance or after it happens to make you feel any better.
Are You Involved or Committed in a Startup?
AUGUST 2, 2011
For example, employees that live day to day on the salary will leave if they see finances become an issue for the company. Other articles can be found in the Charlotte, NC- small business section of Examiner.com. Entrepreneurs in startup companies may spend years working before the company becomes financially stable or a reasonable exit turns up. The entrepreneur is the one that devotes significant time to attract advisors, mentors, employees, board members, and investors.
Dilution and Investment - An Answer You May Not Expect
AUGUST 26, 2011
The companies with low prices either had to dilute investors in a financing, had enough to survive, or went out of business. You do NOT know when financing windows will close. So when you consider the Dilution Effects of a financing, remember the following advice delivered by many old timers; “ It is Better to Have 10% of a Lot of Money, than Have 100% of Nothing.” Other articles can be found in the Charlotte, NC- small business section of Examiner.com.
You Cannot Fix STUPID
JUNE 11, 2012
The CEO can focus on investors, finances, raising capital, PR, IR, partnering, legal, contractual matters, and general oversight. Other articles are published in the Charlotte, NC- small business section of Examiner.com. As an entrepreneur starting a company, you have a serious obligation to know or at least learn the business. Starting new business has enough risk without adding the risks of managing a team developing a product of which you do not understand.
Mergers and acquisitions take thought and planning
AUGUST 15, 2012
The finances and valuations must provide the desired exit(s) for all of the founders. Other articles are in the Charlotte, NC- small business section of Examiner.com. In a recent discussion with the CEO of a private company, an acquisition became the dominate topic.
Do not create frustration by looking in the past
AUGUST 5, 2012
Perhaps, you are starting your 5 th company and decided to take a different route in financing the company because you were so diluted in the last 5 companies you will never make money. Other articles are published in the Charlotte, NC- small business section of Examiner.com. One of the hardest lessons to learn is that the past is GONE! What happened yesterday you may learn from but you will never change it. Dwelling on the past is a very common issue that nearly everyone does.
Founders behaving badly negatively affect the business
OCTOBER 24, 2012
Personal finance issues : Keep your financial issues out of the company business. Other articles are in the Charlotte, NC- small business section of Examiner.com. I may look cute, but will certainly do dumb stuff !