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Bringing It Home To Monterey Bay
Bud Colligan
South Swell Ventures
June 24, 2014
MONTEREY BAY REGIONAL CRITICAL CONVERSATI...
BUD COLLIGAN SOUTH SWELL VENTURES
• Diversified Small Company Economy…
• Leveraging Distinct Regional Assets…
• While Pres...
BUD COLLIGAN SOUTH SWELL VENTURES
BUD COLLIGAN SOUTH SWELL VENTURES
Diversified Small Company Economy
BUD COLLIGAN SOUTH SWELL VENTURES
BUD COLLIGAN SOUTH SWELL VENTURES
Leveraging Distinct Regional Assets
BUD COLLIGAN SOUTH SWELL VENTURES
BUD COLLIGAN SOUTH SWELL VENTURES
While Preserving & Enhancing Our
Environment
BUD COLLIGAN SOUTH SWELL VENTURES
Entrepreneurial Eco-System
COLLEGES &
UNIVERSITIES
COLLEGES &
UNIVERSITIES
TALENTTALENT
...
• Commercial Banks
• Credit Unions
• SBA Guaranteed Loans
• Micro Loans
• Crowd Funding
• Family and Friends
• Equity Inve...
Equity
BUD COLLIGAN SOUTH SWELL VENTURES
Profitably invest in high growth businesses on
the Central Coast to grow jobs and economic
outcomes for the region
Central...
Experienced Team
BUD COLLIGAN SOUTH SWELL VENTURES
Investments To Date
BUD COLLIGAN SOUTH SWELL VENTURES
www.centralcoastangels.com
Lifeblood of the Economy
Small Business
BUD COLLIGAN SOUTH SWELL VENTURES
Is Access to Capital Important?
of Californians have
less than $500
in the bank
40%
BUD COLLIGAN SOUTH SWELL VENTURES
Is Access to Capital Important?
of businesses
FAIL due to lack
of financing
50%
BUD COLLIGAN SOUTH SWELL VENTURES
• Acceptable Credit Score
• Past Foreclosure
• Lack of Documentation
• Undocumented Business
Owner
• Loan too small
Obstac...
BUD COLLIGAN SOUTH SWELL VENTURES
Microfinance Theory of Change
• Provide clients with small but meaningful
amounts of mon...
Opportunity Fund
BUD COLLIGAN SOUTH SWELL VENTURES
OF loans boost
income for
business owners by
37%
of NEW JOBS
are create...
Opportunity Fund in FY 2013
BUD COLLIGAN SOUTH SWELL VENTURES
$14,521,444
Invested
1,124
Loans
In the first 13 months
Monterey Bay
BUD COLLIGAN SOUTH SWELL VENTURES
69
Loans
$1,107,723
Total
$16,054
Average Loan
Clients in Monterey Bay
BUD COLLIGAN SOUTH SWELL VENTURES
79%
Low/Moderate
Income
73%
Ethnic
Minorities
37%
Female
Business Purpose of Loans
BUD COLLIGAN SOUTH SWELL VENTURES
• 880 New Businesses
• 8,000 New/Retained jobs
• $253M in Increased Sales
• $343M in Capital Infusion (Debt/Equity)
!
!
! ...
Monterey Bay SBDCs
BUD COLLIGAN SOUTH SWELL VENTURES
CABRILLO COLLEGE SBDC
Serving Santa Cruz County
CSUMB SBDC
Serving Mo...
Classes, Advising & Resources
BUD COLLIGAN SOUTH SWELL VENTURES
• Developing a Business Plan
• Preparing Financial Project...
Pacific Community Ventures
BUD COLLIGAN SOUTH SWELL VENTURES
www.businessadvising.org
2013 Impact: Business Advising2013 Impact: Business Advising
$60,000,000+
3,307
Jobs Supported
331
New Jobs
Created
66%
Lo...
lynda.com Online Courses
Web
Education
Business Tech Creative
Leadership
CAD
Developer / IT
Photography Design
Video3D + A...
• 98 PTACs Nationwide; 6 in California –
Administered by DLA
• Monterey Bay PTAC established in
September, 2012
• Covers 3...
• Government Registrations
• Small Business Certifications
• Government Marketing
• Identifying Bid Opportunities
• Bid Ma...
20%of Total Awards
(11 of 56)
PTAC Results in Monterey Bay
BUD COLLIGAN SOUTH SWELL VENTURES
$3,315,530
in Government Cont...
BUD COLLIGAN SOUTH SWELL VENTURES
Bringing it Home to Monterey Bay
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*Monterey Bay Critical Conversation.Bud Colligan 6.24.14

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Presentation by Bud Colligan at the Monterey Bay Critical Conversations Forum, hosted by the Monterey Bay Regional Economic Partnership, 6.24.14

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*Monterey Bay Critical Conversation.Bud Colligan 6.24.14

  1. 1. Bringing It Home To Monterey Bay Bud Colligan South Swell Ventures June 24, 2014 MONTEREY BAY REGIONAL CRITICAL CONVERSATION
  2. 2. BUD COLLIGAN SOUTH SWELL VENTURES • Diversified Small Company Economy… • Leveraging Distinct Regional Assets… • While Preserving & Enhancing Our Environment BUD COLLIGAN SOUTH SWELL VENTURES Vision
  3. 3. BUD COLLIGAN SOUTH SWELL VENTURES BUD COLLIGAN SOUTH SWELL VENTURES Diversified Small Company Economy
  4. 4. BUD COLLIGAN SOUTH SWELL VENTURES BUD COLLIGAN SOUTH SWELL VENTURES Leveraging Distinct Regional Assets
  5. 5. BUD COLLIGAN SOUTH SWELL VENTURES BUD COLLIGAN SOUTH SWELL VENTURES While Preserving & Enhancing Our Environment
  6. 6. BUD COLLIGAN SOUTH SWELL VENTURES Entrepreneurial Eco-System COLLEGES & UNIVERSITIES COLLEGES & UNIVERSITIES TALENTTALENT INTELLECTUAL PROPERTY INTELLECTUAL PROPERTY CAPITALCAPITAL COMPANY SPIN- OFFS CROSS- FERTILIZATION COMPANY SPIN- OFFS CROSS- FERTILIZATION ATTRACTION OF TOP TALENT ATTRACTION OF TOP TALENT GRASS-ROOTS ECO-SYSTEM GRASS-ROOTS ECO-SYSTEM
  7. 7. • Commercial Banks • Credit Unions • SBA Guaranteed Loans • Micro Loans • Crowd Funding • Family and Friends • Equity Investment Sources of Capital BUD COLLIGAN SOUTH SWELL VENTURES
  8. 8. Equity BUD COLLIGAN SOUTH SWELL VENTURES
  9. 9. Profitably invest in high growth businesses on the Central Coast to grow jobs and economic outcomes for the region Central Coast Angels Mission BUD COLLIGAN SOUTH SWELL VENTURES
  10. 10. Experienced Team BUD COLLIGAN SOUTH SWELL VENTURES
  11. 11. Investments To Date BUD COLLIGAN SOUTH SWELL VENTURES www.centralcoastangels.com
  12. 12. Lifeblood of the Economy Small Business BUD COLLIGAN SOUTH SWELL VENTURES
  13. 13. Is Access to Capital Important? of Californians have less than $500 in the bank 40% BUD COLLIGAN SOUTH SWELL VENTURES
  14. 14. Is Access to Capital Important? of businesses FAIL due to lack of financing 50% BUD COLLIGAN SOUTH SWELL VENTURES
  15. 15. • Acceptable Credit Score • Past Foreclosure • Lack of Documentation • Undocumented Business Owner • Loan too small Obstacles to Successful Financing BUD COLLIGAN SOUTH SWELL VENTURES
  16. 16. BUD COLLIGAN SOUTH SWELL VENTURES Microfinance Theory of Change • Provide clients with small but meaningful amounts of money and financial advice • Help them develop strong financial habits, increase income and create jobs • Build a foundation for economic mobility extending into the next generation
  17. 17. Opportunity Fund BUD COLLIGAN SOUTH SWELL VENTURES OF loans boost income for business owners by 37% of NEW JOBS are created by small businesses 64%
  18. 18. Opportunity Fund in FY 2013 BUD COLLIGAN SOUTH SWELL VENTURES $14,521,444 Invested 1,124 Loans
  19. 19. In the first 13 months Monterey Bay BUD COLLIGAN SOUTH SWELL VENTURES 69 Loans $1,107,723 Total $16,054 Average Loan
  20. 20. Clients in Monterey Bay BUD COLLIGAN SOUTH SWELL VENTURES 79% Low/Moderate Income 73% Ethnic Minorities 37% Female
  21. 21. Business Purpose of Loans BUD COLLIGAN SOUTH SWELL VENTURES
  22. 22. • 880 New Businesses • 8,000 New/Retained jobs • $253M in Increased Sales • $343M in Capital Infusion (Debt/Equity) ! ! ! ! ! Small Business Development Centers BUD COLLIGAN SOUTH SWELL VENTURES
  23. 23. Monterey Bay SBDCs BUD COLLIGAN SOUTH SWELL VENTURES CABRILLO COLLEGE SBDC Serving Santa Cruz County CSUMB SBDC Serving Monterey & San Benito Counties 325 Businesses served 203 1,736 Hours of Advising 933 2,133 Seminar Attendees 591 RESULTS 22 New Businesses 9 86 Jobs Created 34 134 Jobs Retained 3 $2.6M Sales Increase $2.3M $1.6M Equity Financing Obtained $6.2M $5M Loans Obtained $350K
  24. 24. Classes, Advising & Resources BUD COLLIGAN SOUTH SWELL VENTURES • Developing a Business Plan • Preparing Financial Projections • Developing a Marketing Plan • Financing Your Startup • Develop Methods to Reduce Cost • Establish Banking Relationships • Implement Marketing Strategies • Increase Sales Opportunities • Business Expansion Planning • Buying or Selling a Business • Cash Flow Projections / Analysis • International Trade • Organizational Management • Procurement Assistance • Social Media & Web Marketing Assistance • Strategic Plans Advising Services are Available for All Classes and are Confidential & Free Provided by SBDC & Collaborative Sponsors
  25. 25. Pacific Community Ventures BUD COLLIGAN SOUTH SWELL VENTURES www.businessadvising.org
  26. 26. 2013 Impact: Business Advising2013 Impact: Business Advising $60,000,000+ 3,307 Jobs Supported 331 New Jobs Created 66% Low Income Workers in wages paid to residents of low income communities BusinessAdvising.org 250 Entrepreneurs BUD COLLIGAN SOUTH SWELL VENTURES 362 Advisors 149 Advising Engagements
  27. 27. lynda.com Online Courses Web Education Business Tech Creative Leadership CAD Developer / IT Photography Design Video3D + Animation Audio & Music 2,600+ Courses 9,200+ Hours Tools Skills Inspiration ~500 Courses ~700 Courses ~1,400 Courses Online Marketing Project Management Productivity Business Skills Data Analysis Business Tools BUD COLLIGAN SOUTH SWELL VENTURES
  28. 28. • 98 PTACs Nationwide; 6 in California – Administered by DLA • Monterey Bay PTAC established in September, 2012 • Covers 38 Central and Northern California Counties • Assists small businesses in obtaining and performing under local, state, and federal government contracts • Offers confidential procurement technical assistance to businesses at no cost Monterey Bay Procurement Technical Assistance Center (PTAC) BUD COLLIGAN SOUTH SWELL VENTURES Helping Businesses Contract with Government
  29. 29. • Government Registrations • Small Business Certifications • Government Marketing • Identifying Bid Opportunities • Bid Matching Services • Government Rules & Regulations • Bid/Proposal Review • Contract Management • Contract Compliance • Agency – Supplier Interface • Specialized Training & Workshops Monterey Bay PTAC Services BUD COLLIGAN SOUTH SWELL VENTURES Free, Confidential, Customized, “Cradle to Grave” Counseling
  30. 30. 20%of Total Awards (11 of 56) PTAC Results in Monterey Bay BUD COLLIGAN SOUTH SWELL VENTURES $3,315,530 in Government Contracts
  31. 31. BUD COLLIGAN SOUTH SWELL VENTURES Bringing it Home to Monterey Bay

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