Venture capital should come with a warning label. In our experience, VC kills more startups than slow customer adoption, technical debt, & co-founder infighting - combined. - Eric Paley, Managing Partner at Founder Collective
In 2018, nearly 8,400 venture-backed companies raised more than $130 billion in financing, ($47B more than 2017). With the pool of venture money increasing, venture capital seems to have become the default path for startups.
But many investors & founders advise you should build your business without venture capital if you can. They warn that the VC path intensifies both success & failures, accelerating you into an outcome of acquisition/IPO (in rare cases) or bust (more typical).
So what other options are there for entrepreneurs seeking capital? In recent years we've seen a rise in crowdfunding, financing firms that provide capital based on cash-flow, accelerator programs, & grant initiatives - showing that there are many options outside of venture capital.
We're highlighting founders that have found alternatives to venture capital (or avoided it entirely) to discuss
Alternatives they found to venture capital
Their experience fundraising
Advice for entrepreneurs considering venture capital, & for those avoiding it
How they developed their product & grew their company
About the panelists
Frank Denbow, Startup Advocate at Microsoft, Founder of Inflection - Frank Denbow is currently a Startup Advocate at Microsoft, helping support the startup community in NYC. He is also the founder of INK'A, a platform for producing top quality custom apparel for companies & influencers. Frank has bootstrapped INK'A into millions in revenue & enjoys supporting other entrepreneurs in the startup ecosystem. Frank has held leadership positions in community organizations such as Startup Weekend, Startup Digest, & Coalition for Queens / Pursuit, helping connect entrepreneurs with the resources they need. Out of this desire, he created INFLECTION, a community for profitable companies.
Morgan Hirsh, Founder & CEO of Public Goods - Morgan is the Founder & CEO of Public Goods, a company providing affordable personal care, household goods, & food without markups. Morgan studied philosophy at Concordia, & worked in luxury fashion manufacturing before founding Public Goods. With an aesthetic eye & nose for quality, he's an expert product developer who's grounded in the nitty gritty of manufacturing. Public Goods is a 500 Startups alumni - & also raised more than $1.5 million on the crowdfunding platform, Indiegogo.
6:30 - 6:50: Drinks & Networking6:50 - 7:50: Panel7:50 - 8:15: Audience Q&A8:15 - 9:00: More Drinks & Networking
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Thanks to Alley powered by Verizon for hosting our event. Alley powered by Verizon locations are developed by Verizon, the world's leading technology company, in collaboration with Alley, a membership-only community workspace for creators. Each location is a curated community powered by the emerging technologies & thought-leadership of Verizon.
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