By guest authors Irina Patterson and Candice Arnold This is the forty-ninth interview in our series on financing for entrepreneurs. I am talking to David Monkman, president and CEO of the National Business Incubation Association. Athens, Ohio–based NBIA is a trade association that services business incubation programs around the world. Founded in 1985, this non-profit
By guest authors Irina Patterson and Candice Arnold Irina: Do you have any target returns on investments? Andy: Yes, we do have targets. We look at it from a portfolio approach, but generally speaking, we tell people that we’re looking for a 20% IRR.
By guest authors Irina Patterson and Candice Arnold Irina: What kind of businesses do you prefer? Andy: Think of revenue loan as growth capital for small to medium-sized businesses. The demand for that growth capital is really high. There aren’t many sources of growth capital other than traditional venture capital, sometimes angels. So, there’s a
By guest authors Irina Patterson and Candice Arnold Andy: What we look for are companies that have figured out – no matter what their size is – how to make money in one way or another. They basically have what we call a revenue engine, and what’s lacking is they need capital to rev that
By guest authors Irina Patterson and Candice Arnold This is the forty-eighth interview in our series on financing for entrepreneurs. I am talking to Andy Sack, who is a co-founder of RevenueLoan, which gives entrepreneurs unrestricted capital for growth in return for a small percentage of future years’ revenues. In operation since mid-2010, the size
By guest authors Irina Patterson and Candice Arnold Irina: What other opportunities do you offer for university students? Brian: I wanted to have more collaboration with students, bright students, MBA students – preferably in these cases. So, I created the Future Angels. Now, every meeting, every month, we have the top schools in New York
By guest authors Irina Patterson and Candice Arnold Irina: What can angel groups do better? Brian: I think there are a variety of things that angel groups can do better. They could – I would say, most important – make it clear to the entrepreneur what their ability is to actually fund him or her.
By guest authors Irina Patterson and Candice Arnold Irina: How do you feel about entrepreneurs who drop out of school to build their companies? Brian: I think, for the most part, entrepreneurs have to be educated. There’s no turning away from the fact that a good education represents curiosity and a desire for personal advancement.