Starting a new business can be overwhelming. One of the first things a new business needs to move forward is funding. James River Capital and founder Paul Saunders can help. Below are some options to find funding for a new business.
Crowdfunding is when a group of people chip in varying amounts of funds for a business idea they believe in. Kickstarter is a popular crowdfunding site that does just that. You can also give out gifts to funders when you reach certain goals on Kickstarter. This can encourage people to continue funding your business idea.
Local loans are another great option, since local businesses can keep money coming back to town. The local chamber of commerce can direct new business owners to the local business development center. This center can direct you to local entrepreneurs and investors in your area. The local economy can greatly benefit by funding local businesses with loans.
Venture capital works well when business ideas need large funds to move forward. Most entrepreneurs need $1 to seek funding from a venture capitalist. To get this much money, you need to be ready to present a detailed business plan to convince the venture capitalist it will be worth the investment. Venture capitalists expect to make somewhere between 3 to 10 times what they put in within 5 to 7 years.
An angel investor is similar to investors who put money into businesses before they go public. They expect to get back a large return for their investment. Angel investors will fund promising businesses about $10,000 or more.
James River Capital and Paul Saunders
James River Capital has received many awards as a leading investment firm, with the help of founder Paul Saunders. James River Capital and Paul Saunders can help you find the best funding for your business.