Corrio is a fantastic service that provides messaging services to prison inmates. I created a pitch deck for Corrio which they presented to a well-known global investment community of accredited private equity angel investors. Furthermore, they were invited to the road-show which will allow them to raise a subsequent seed round. Members of the investment community provide early-stage capital in the range of $250K-$2m.
FYI, if you’re greentech or cleantech company, there may be some capital available for your business.
Read more about the Investor Agenda here.
According to data from the Census Bureau and IRS the average age of successful business founders is 42; so the 20 year old entrepreneur is a true rarity.
The team looked at data around the 2.7 million people who founded businesses between 2007-14 and went on to hire at least one employee. Along with average entrepreneur age, they also learned those new ventures with the highest growth had an average founder age of 45.
The researchers broke out the data into high-tech employment, VC-backed firms, and patenting firms. Across the entire United States, the average founder ages were 43, 42, and 45, respectively for those divisions.
Part of this reason is because experience, social capital, skill sets, etc. play a large factor in the success of a business. So even if you’re over 40, roughly 50% of successful entrepreneurs are above that age.
Read the complete article here.
Sans Bar is a one-of-a-kind sober bar in Austin, TX. Their mission is to provide a safe, sober environment for adults to celebrate life while promoting personal and social wellness.
I had the pleasure of creating financial projections for founder, Chris Marshall. With the help of this important document, entrepreneurs can see how much they need to make and save in order to meet their financial needs; in addition to many many other uses. You can read more about the importance of a financial plan.