By guest authors Irina Patterson and Candice Arnold Irina: How else do you work with your partners? David: Like any trade association, we depend on partners to help sponsor NBIA and our members. Typically, what we do is we have a level-based sponsorship model. For certain advertising rates, we will promote a partner’s product to
By guest authors Irina Patterson and Candice Arnold Irina: What else is important for a vibrant entrepreneurial ecosystem? David: The corporations are an important ingredient. They reflect potential demand for the products and services produced by these entrepreneurs. So, making sure they understand the participation expectations is important. That’s one thing we need. Another is
By guest authors Irina Patterson and Candice Arnold Irina: What is NBIA? Give us a brief overview. David: NBIA is a trade association that services and works with business incubation programs around the world. We are a 25-year-old organization that has about 2,000 individual members, representing about 1,000 organizations in 65 countries.
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