Do you know the Golden Rule of startups? It's an easy one: the one that makes the gold, makes the rules. But does this always have to be the case when raising funds for your startup?
It's rare than an entrepreneur would say no to cash -- typically because startups are forced to operate with limited resources and against formidable competition. Early stage pre-revenue companies are operating with a higher risk of failure than most, whether due to the financial instability of its founders, the pressure from debt-backed credit, or internal founder pressures. Depending on the amount required, funders can approach, family and friends, bank loans, angels, venture capital firms (VCs), and more.
Raising Money in Kalamazoo
The Kalamazoo startup community is fairly diverse, ranging from foodies to techies. Every business is unique in its own financial way and often times there is no one-size-fits-all answer when it comes to fundraising. The Startup Grind Kalamazoo team would like to be able to assist our fellow entrepreneurs to think in the right direction. We aim to ask the right questions to assist in the community’s thought process during fundraising.
The one caution that stands out is that not all money is “smart money”. For example, can your investor bring in more than just a check? Are your vision and goals aligned? Do you get along with your investors? Can they assist in forming strategic partnerships that help you grow exponentially? The Startup Grind Kalamazoo team is hosting Ms. Patti Glaza, who brings her wide variety of stories - good and bad - to share with the Kalamazoo startup community.
Introducing Patti Glaza of Invest Detroit
Ms. Glaza joined Invest Detroit in 2014 with more than 20 years of experience in the development, implementation and commercialization of advanced technologies. She manages Invest Detroit’s venture funds and portfolio of investments. Patti leverages her broad industry relationships and operational experience to serve as a resource to nurture and promote technology startup companies. Prior to joining Invest Detroit, Ms. Glaza was with Arsenal Venture Partners, a multi-stage national venture capital firm focused on IT, energy and industrial technologies.
Join SG Kalamazoo on October 5th for Patti Glaza
You will be joining a mix of founders and entrepreneurial-minded leaders from a mix of industries, and with diverse backgrounds and knowledge. Join our community today and tell us what you want to see, do, and learn!
Food will be available starting at 6pm, with the interview starting at 7pm. Book your ticket and invite your friends and family to join our community.