Who Just Raised A $225 Million Financing in North Carolina?

Feld Thoughts

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?

Taffy Williams

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.

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Startup Blog: Startup Basics Recap from Interview

Taffy Williams

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

Taffy Williams

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

Taffy Williams

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

Lack of social networking may hinder investment in your company

Taffy Williams

Other articles are in the Charlotte,NC- small business section of Examiner.com. strategy social networking entrepreneur Startup leadership financingOriginally, I would have thought this title was insane. How can such a statement be true?

Be known for reliability and honesty

Taffy Williams

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?

You may never see what I see

Taffy Williams

Other articles are in the Charlotte, NC- small business section of Examiner.com. entrepreneur vision business plan Startup leadership presentation financing

Sales and Marketing Is Up to the Startup CEO

Taffy Williams

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.

Carvana Launches into Austin and San Antonio

SiliconHills

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.

Investor meetings will not happen if they do not believe what you send

Taffy Williams

Other articles are in the Charlotte, NC- small business section of Examiner.com. entrepreneur investor marketing Startup presentation financing

Avoiding sticker shock from service providers

Taffy Williams

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.

Starting Off the Year: Healthcare with a Twist

Taffy Williams

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.

The 10 Best U.S. Cities to Start a Business in for 2016

Up and Running

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.

Know the competition and key decision maker before your next pitch

Taffy Williams

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!

It Takes Longer and Costs More

Taffy Williams

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.

Cost 18

Finding Investors is highly dependent on your ability to network

Taffy Williams

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.

I do not trust you is bad feedback

Taffy Williams

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.

Angel Education is Sometimes Required

Taffy Williams

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?

Taffy Williams

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.

Presentation Dynamics

Taffy Williams

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

Taffy Williams

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

Taffy Williams

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!

Agile 51

Lessons learned by local entrepreneurs

Taffy Williams

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

Hearpreneur

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

Taffy Williams

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

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

Taffy Williams

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.

Dilution concerns by founders and investors

Taffy Williams

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.

Business Modeling is Process, not an Event

The Entrepreneurial Mind

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.

Need Money? A Few Links to Possible Investors

Taffy Williams

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.

SBIR 41

Organization and consideration help in the tough spots

Taffy Williams

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?

Are You Involved or Committed in a Startup?

Taffy Williams

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

Taffy Williams

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.

Indecision can kill your business

Taffy Williams

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!

Taffy Williams

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.

You Cannot Fix STUPID

Taffy Williams

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.

Do not create frustration by looking in the past

Taffy Williams

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.

Mergers and acquisitions take thought and planning

Taffy Williams

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.

Founders behaving badly negatively affect the business

Taffy Williams

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 !