Southern Tier Capital Fund Presents: Connecting Binghamton's Ecosystem
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How the Southern Tier Capital Seed Fund serves as a community resource and driver of the economy in the upstate region of New York.
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Southern Tier Capital Fund Presents: Connecting Binghamton's Ecosystem
- 1. October 6, 2016 Darren MacDonald
- 3. Mission
- 4. Goals
- 5. How it works APPLY SCREENING INVITE DILIGENCE NEGOTIATE GOVERN MENTOR
- 6. Deal Flow
- 7. Darren MacDonald https://www.linkedin.com/in/darrenmacdonald http://www.stcfny.com stcapitalfund stcapitalfund Southern Tier Capital Fund Connect Resources http://bit.ly/bingcanvas http://stcfny.com/fund.pdf Get Involved Event Sponsorships Professional Introductions
Editor's Notes
- What is a Seed Capital Fund? We are a group of accredited investors (which is loosely defined as having a million dollars in assets or income of $200k/yr.) investing in high growth companies. Buy-in to the fund is $40K per share. What is seed capital? Very often it is the first institutional investment into the business coming after friends and family and ranges from $50K to $2M.
- It’s our vision to be recognized as the group that adds the most value to a startup in our area through a combination of capital, connections and coaching. Our mission is to literally seed enough investments to produce a small number of breakout successes that have a material impact on our local community and economy.
- What are our goals and how do we define success? Investor Rewards: ROI. Share expertise, knowledge, and experience. Mentor exciting young leaders. Comradery of working together. Community Impact: Retain students. Attract out-of-area talent. Create local buzz. Open new industries. Stablize our economy.
- Entrepreneurs apply through online portals. A selection committee screens applicants and invites companies to pitch. When we decide to dig deeper, we create an adhoc committee to conduct a due diligence report. When the report recommends negotiating an investment, the members vote to affirm and we hammer out a deal to cut a check which usually involves having access to board meetings, and access to financials and performance metrics. We stay active after the investment to open doors and accelerate growth.
- A copy of this presentation is available on Slideshare. Please download and share our brochure which is linked here under resources. Introduce us to your friends and colleagues. Let’s talk about creating synergistic events together. Invite us to speaking opportunities. Send us your ideas. Follow us on Twitter, Facebook, LinkedIn.