Small businesses and investors discuss their successes and challenges raising money outside of the financing "hot spots."
The SEC’s Office of the Advocate for Small Business Capital Formation will host a roundtable on May 6 to hear from small businesses and their investors. The event will celebrate the kickoff of National Small Business Week, which is May 5-11, 2019.
While large amounts of capital are raised in the private markets, the location of small businesses and investors in the country dramatically impacts how and from whom they access capital. Venture-backed companies in the U.S. raised over $99 billion across over 5,000 deals in 2018, yet companies in just three states accounted for over three-quarters of that funding.
The roundtable will feature discussions between small businesses and venture capital investors on the successes and challenges they have experienced in raising capital and investing outside of the more traditional financing “hot spots” along the U.S. coasts.
Advocate for Small Business Capital Formation Martha Miller will moderate the roundtable. Chairman Jay Clayton, Commissioners, and SEC staff will also participate in the event.
The panelists will include
- Cathy Connett, CEO and Managing Partner, Sofia Fund;
- Bob Crutchfield, Managing Director, BrightEdge Fund;
- Brian Hahn, CFO and Senior Vice President, GlycoMimetics;
- Harold Hughes, Founder and CEO, BandwagonFanClub Inc.;
- Nic Wilson, Co-founder and CEO, Anglr;