By Sramana Mitra and guest authors Irina Patterson and Candice Arnold Sramana: What other programs are you thinking about or incubating within your charter that are going to help this ecosystem that we work with and you work with? Sean: The SBIC program, again, it is a fund of funds. For the most part, it’s
By Sramana Mitra and guest authors Irina Patterson and Candice Arnold Sramana: I think the DOE [angle] is very straightforward because the energy agenda is very present. Clean tech is an active field of entrepreneurship right now, so we understand the DOE very well, and we understand the synergy between the clean tech community and
By Sramana Mitra and guest authors Irina Patterson and Candice Arnold Sean: Last year, Small Business Innovation Research (SBIR) put $2.5 billion dollars in the hands of small-business [owners] who [have] innovative technology companies. And just as a point of reference, last year the entire venture industry put in only $1.7 billion, in terms of
By guest authors Irina Patterson and Candice Arnold Larry: Some of other things that we have looked at are mobile technology and that weaves itself into media. So, it’s mobile media. We’ve looked at electronic coupons and location-based services. We look at what is the business problem that you are trying to solve as a
By Sramana Mitra and guest authors Irina Patterson and Candice Arnold This is the twenty-first interview in our series on financing for entrepreneurs. Irina is talking to Sean Greene, associate administrator for investment and special advisor for innovation at the U.S. Small Business Administration. The SBA was created in 1953 as an independent agency of
By guest authors Irina Patterson and Candice Arnold Irina: Right. So, if you would single out the most important character trait of a founder, what would it be? Larry: Previous experience in growing a company. That plus passion for what they’re doing. I mean, you’ve got to love what you do.
By guest authors Irina Patterson and Candice Arnold Irina: When you think about valuation, do you have any specific number in mind? Larry: It really depends, because we also have a life science forum and in life science the valuations tend to be a little bigger . But I would say our valuations are probably
By guest authors Irina Patterson and Candice Arnold Irina: Tell us more about your advisory board. Is it an outside board? Larry: Yes, it’s an outside board that I put together and these are people whom I highly respect in the community. One is G.S. Schwartz , a PR firm. Reid Smith attends, Citrin Cooperman,