Raising Money in a Down Market Columbus OH

Getting start-up funds during a recession. Here are some traditional and non-traditional sources of funding for young entrepreneurs.

Local Companies

Polaris Financial Services
614-264-3864
7129 Hilmar DR
Westerville, OH
Financial COMFORT Consulting, LLC
614-595-0784
P O Box 751
Brice, OH
Wellman Tax & Business Advisors, Inc.
614-991-5107
5650 Blazer Pkwy
Dublin, OH
AmerAssist
(702)9975446
8415 Pulsar Pl
Columbus, NV
Wells Fargo Financial
(614) 322-6080
6100 Channingway Blvd Ste 602
Columbus, OH
Developer's Mortgage Company
(614) 523-0301
2700 E Dublin Granville Rd
Columbus, OH
Cmf Nationwide
(614) 751-9624
2097 S Hamilton Rd
Columbus, OH
Citifinancial
(614) 478-1500
358 S Hamilton Rd
Columbus, OH
Cashland
(614) 942-1066
12 Westerville Ol
Columbus, OH
Checksmart
(614) 445-6669
1255 Parsons Ave
Columbus, OH

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So you’ve got an idea. One that you truly believe could launch a business and your fortune. Your friends and family completely agree and encourage you to go chase your dream. So you decide to get some funding and make it happen.


But have you checked the credit markets lately? This is where all the actual operational money comes from and the venture capital industry follows their lead. The current freeze in the credit markets means that no one is getting money right now. No money for payrolls. No money for inventories. No money for expansion. According to the National Venture Capital Association, the total private equity investment in the quarter was $7.1 billion, down from $7.8 billion a year ago, and those numbers are before the Wall Street and credit market meltdowns.  This means that raising money for a new venture right now will be tough, but definitely not impossible.


Here are some traditional and non-traditional sources of funding for young entrepreneurs:

 

Venture Capital

This is typically the first thought of aspiring entrepreneurs: make a pitch, get millions, have some fun and sell the company. But is that VC money still available? Sure, but you have to do more than WOW them during these times. You have to go in with a bullet-proof idea, run lean, and show how soon you’ll get to profitability—if they agree to meet with you at all.


Venture capital operates on seven-to-ten-year cycles. Firms don't, for the most part, use d

Click here to read the rest of the article at YoungMoney.com.

Featured Local Company

Polaris Financial Services

614-264-3864
7129 Hilmar DR
Westerville, OH
www.columbusfinancial planningpros.com

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