Here are 5 sources for start-up funds… anyone know about other options?
A network of Googlers w/ expertise in technology, referred to by Schmidt as Google’s “competitive advantage”, may give Ventures an edge on its competition. Ventures investments often originate from referrals made by Google employees, w/ friends who launch startups… thus, the advantage, as many VCs are run by people w/ a business-only mindset. Google Ventures hopes to invest around $100 million in 2010.
The Small Business Administration reported in April that loans issued in OR & SW Washington increased 32% over the past 6 months. Approximately $12.5 million / 49 loans went to business in Clark County. A new extension allows the SBA to continue stimulus loans through May 2010, or until funds provided by the bill are exhausted. Recovery Act funding remains available for other Recovery Act programs: the America’s Recovery Capital (ARC) & Microloan programs are still available.
SBA PDX: Dennis Lloyd, Director, Lender Relations
SBA + Google
Google and SBA Launch “Tools for Online Success” Partnership to Boost Small Businesses.
Google and the SBA unveiled the partnership during a forum held on May 5th at the SBA’s national headquarters in Washington, D.C., broadcast live online to press & small business owners.
Tools for Online Success
Cleantech Open hosts two competitions to develop & fund clean technology startup companies & ideas to foster the environment. The Cleantech competition categories are: Air, Water and Waste; Energy Efficiency; Green Building; Renewable Energy; Smart Power, Green Grid and Energy Storage; & Transportation.
The Business Competition: is for Ecopreneurs with early stage clean technology companies.
Final Entry Deadline: May 22, 2010
Regional finalists: $30,000 (cash + services)
One Regional Winner: $20,000 extra (cash + services)
National Winner: $250,000 prize package (investment + services)
The Ideas Competition: Cleantech Open also hosts an Idea Competition for the best clean technology ideas in the world.
Final Entry Deadline: September 30, 2010
Freight Transportation Infrastructure
President Obama’s goal to double American exports within five years will require multimodal freight transportation to become a national priority, which is good news for the Port of Vancouver. Senator Maria Cantwell, D-Wash., announced on April 6th that she plans to push federal lawmakers to create a national freight strategy, with dedicated funding for port infrastructure projects, including the Port of Vancouverʼs Freight Access project.
Congressman Baird Small Business Workshop 3:00-4:00pm - May 14, 2010 Pearson Air Museum -Vancouver, WA
Welcome By Congressman Brian Baird
How to Secure SBA Loans and Sell Goods to the Government
3:05-3:20 SBA Deputy Director R. DuCote
3:20-3:28 SBDC Jan Harte and Susan Hoosier
3:28-3:36 SCORE Mike Bacon
Open Floor for Questions
Mix and Mingle
Kelly Parker (Love) District Director Congressman Brian Baird 750 Anderson #B Vancouver, WA 98661 (360) 695-6292
Good question! It seems that most of the startups I talk to are self-financing and/or tapping family or business connections. But some lucky few find VC funding.
The Oregon Entrepreneurs Network is another regional source of information and funding for startups. They run Angel Oregon and Venture Northwest, competitions for angel and VC funding that include startups from Southwest Washington. You can find more info on their web site: http://www.oen.org/programs_program_list.aspx
Ever heard of Peer-to-peer Lending? It keeps the money between lenders and borrowers, and cuts the banks out completely. Your credit has to be in good standing. Check out U.S. top P2P providers (SEC-regulated):
- Prosper.com ($14.8M in loans from July 2009-Mar2010)
Check out blog for more P2P lending news: http://www.p2plendingnews.com/